Hi Ted,
Thank you for your reply and for welcoming me to this forum. Yes, I understand your point of view and considered what you suggested, and also considered S scale as well as HO, in the idea of getting the most out of an 8X12 layout. Still, I keep coming back to the fact that I do like the 18" Aluminum Passenger Cars from K-Line and the Scale GG1.
Yes, for some, the double or even triple extended circle may be boring and may not get complete satisfaction from it, but, I came across this layout that Ken-Oscale had posted and I thought it would be a good place for me to start, and it uses the 060 & 072 curves needed to run the scale GG1 and 18" passenger cars. Perhaps down the road when more space is available I can go into something bigger and more complex, but for the time being this seemed like a good fit for me.