For the truck, I used LED's for the lighting, it actually doesn't have a strobe. The strobe and tail lights are on the Lionel Early Era Inspection Car. It's a PITA to work in there, there is no room!
The Truck should be simple to wire, I used the ERR Mini Commander with the motor option for mine. If you buy the ERR MiniCommander 2 with the smoke option, you can use that to control a strobe and wire headlights and tail lights right from the board. I wired the regular tail lights and headlights on the incandescent headlight output, and then I wired some backup lights on the reverse LED output.
Also, I suggest you add as much weight as you can, makes a huge difference in how it performs. I put about 10oz of wheel weights in mine, really makes it run much smoother.