I bought a 1033 some years ago. I used it on a simple Christmas tree oval. The train derailed and the transformer started smoking. It is now a display piece.
On the other hand I have an old ZW and it is worth the effort to upgrade the breaker and rectifier and maintain to rollers on this classic. For low wattage applications I would use one of the several starter set transformers out of the modern sets I have purchased.
I am not saying a 1033 is not OK after being serviced and tested but I wouldn't use it for trains without an external breaker. For accessories the issue of a dead short is less likely so I would be more comfortable with it for this purpose.