If an early TMCC engine undergoes a magnetic ring fracture, is there a fix? Or does it become a doorstop?
You have to pull the flywheel to replace the magnet ring as it goes on from the bottom. That's necessary as it has to be exposed to the sensor on the PCB mounted on the motor.
Now for the important tip! While it's possible to pull the flywheel off the motor without removing the motor, the same can't be said for putting it back on! If you don't support the bottom of the shaft when pressing the flywheel back on the motor, you'll likely slide the commutator on the shaft and ruin the motor!
Than on to the sticky part. Many of the TMCC engines from the middle of the TMCC run in the 2002-2004 timeframe have what I like to refer to as the Lionel puzzle trucks. In order to remove the motor, you have to take the truck apart from the bottom to get at the motor mount screws in order to remove the motor to replace the magnet ring.
Lionel has a solution to this, though it's a somewhat imperfect solution. They have what they call the fix-it flywheel that has setscrews. That sounds good until you go to glue the magnet ring on, the lip that aligns the magnet ring is too small! So, you have to carefully center the magnet ring on the flywheel and glue it down. I sometimes just eyeball it, but I've also used four cardboard shims to evenly center it on the flywheel for gluing.
Final important tip! When you orient the magnet ring, it only goes on one way! The little dots you see on one side face away from the sensor PCB. If you put it on upside down, it will not function.