It's easier to give you a specific recommendation. Most modern power supplies are chopped wave. One notable exception is the Z-4000, because MTH took pains to "smooth" its electronic waveform. One problem with the Z4K is that it jumps to 6 volts as soon as you crack the throttle, which creates a jerky start with some locos. It's also big, bulky, and expensive. An electronic failure will amount to an expensive repair.
Any vintage transformer (made before about 1987) will be pure sine wave. I totally agree with the suggestions of a fast-acting external circuit breaker and the TVS diode.
Personally I would find a postwar type KW. These were rated at 190 watts, and can be purchased in good condition for less than $100. Check the line cord and plug to make sure they are not frayed. Wire a double-pole, double-throw switch between the transformer and the track, so that either of its two voltage ranges can be used. The operator will have a choice of 0-14 volts OR 6-20 volts for power-hungry locos with a higher starting voltage.
Personally I find that postwar transformers don't give reliable whistle actuation. Adding one of THESE between transformer and track will give reliable whistle actuation AND a resettable circuit breaker. Good luck with your 3-rail venture!