OK, i have that version too ad it is limited.
Yes, can be powered with AC, (example Z brick) but rectified to DC for output.
Many Lionel items are AC- especially certain sound cars, even new ones. A normal LED or incandescent car lighting should be fine.
Has not had a firmware update for a very long time. Many newer MTH features thus are not in the firmware.
Cannot do lashups (MU)
Very current limited
Basically his was designed for HO, and then more or less dropped and no support. It feels like very early and thus limited version of DCS before more features got added. zI generally would no recommend this for O scale and eventually the function limitations and lack of support or firmware updates may not give you every command or setting access especially in certain more recent engines with more features.
