In the abstract, LC+2.0 seem overpriced but with no competition from K-Line or Williams/WBB and minimal from MTH, they can price as they want. Also, consider this: Lionel's MSRP on Traditional sized locomotives in 2002 when I got into this hobby was $350 - $450. That equates to $600 - $800 in today's depreciated dollars. LC+2 provides better features than the 20+ y/o TMCC yet is priced about the same (better lighting, 4 chuffs).
I've equated MTH and Lionel as follows:
- Premier = Legacy
- Imperial = Lionmaster
- Rail King (not Imperial) = LionChief Plus 2.0, previously LC+, previously Traditional w/TMCC
- Rugged Rails = LionChief
I agree with you 100% that Rail King provided more bang for the buck, especially the Imperial line. That's why I added DCS and 5 Rail King Imperial engines a year or two before Mike Wolf's retirement. At the time, Rail King was competing with LC+ and I saw no comparison (although I appreciate the simplicity of LC+). I wonder, though, if Rail King Imperial locos were such great bangs for the buck because they didn't generate enough profits.
The Rugged Rails & Railking get to be a bit of a grey area. I have several Rugged Rails engines that offer way more features than just LionChief. For example Speed control, fan-driven smoke, 4 chuffs, elctrocouplers, variable smoke output, lighting control, diecast engine shells, better motors, and more sound options.
OTOH, I have some early Railking (non-rugged rails) that were LOCO-Sound equipped and were essentially Lionchief without the direct wireless features & simple command control remote. They still had speed control and fan-driven smoke but simple sound compared to LC as they would only chuff and blow a generic toy-sounding whistle.
I bought many Imperial engines for the very reason you described, the best bang for the buck and they still are when issued. The last offerings of big boys from MTH & Lionel in Lionmaster/LC2 & Imperial had a difference in price of around $300.
Where does Railking Scale fit into your matrix? Some are not quite as detailed as Imperials and many others are.