Six GP diodes and your starting voltage is back around 5vac (or 8?¿? or 3-4 bridge rectifiers). Top end will drop the same amount of volts, but the amps are still gonna be there. Heck, put them on a toggle and/ or #90 button so you can drop or recover the voltage. Or use a 3 position,on/off/temporary on, sprung toggle for both actions. They might even make a lit one 
The LW wins on looks from Lionel. The only real contenders are the AF deadman handle gimmick, or some of those earlier mfgs. that more closely resembled some real throttle stands and their handle shapes.
I always wanted to tin-knock my own "proper" throttle stand... and I have a little 120v mig welder with a bad wire feed unit I'm baulking on buying for due to cost vs ability to use it as I used to.
It's transformer is pure sine 24vac and has one heck of a rheostat right there for me to steal too. 🤔😬😈... we’ll see 
Thanks for the proper setting to think of this repurposing possiblity
Lol, I added 50+ fuses to a "simple" dunebuggy where the mfgs. might have run 6-12 tops. Shorts or meltdowns were simply not allowed to be an issue as I drove very remote areas. Even the starter, solinoid, and (2 big) batteries had thier own fuses. A few acc power.(lighter outlet) circuits front to rear in a seperate loom "just in case" too. ... It didn't even have a radio, just acc. outlets, fog/reg. lights, wiper/wash, gauges & ignition
I don't think I could have ever pulled that excellent bit of reality check off like bmoran4 just did. Soooo many loose ends and tangents possible, but he trimmed it's.focus pretty well, spikes kill boards, tvs helps, different thermal items have their own burn/trip curves to consider.
Additional external protection has always been recommended by Lionel and others. I learned to be anal about it from crispy video/pinballs where others weren't.... So, how well are your wires protected?
If just one can "maybe" burn, anything it crosses is at risk, even dead or fused wire can be burned by that lone wire you didn't fuse . 😐
The point is to eliminate risk to the wiring and you guys would hate to have to redo it all again right . A pleasant side effect is it also protects some other things besides wire.
(I tend to use "fuse" for breaker, because if a thermal breaker isn't available, a fuse often replaces it in repair. It's easier to say and write, and they are similar enough to float the context to someone else most of the time. I got in the habit from other techs saying it too)
