Crandell/HBlue: I may have read Mike's post wrong, but I thought he was saying he is coming out of his controller with 26 awg to the 12awg bus. I didn't read it as his track drop feeds. If indeed, he is coming direct from his command center with 26awg, it is the weak link with all the current going through it and he will have a very hot wire when running several amps.
When we talk about size of the bus wires, as you and I noted: 14-16awg is sufficient for the average size layout, but we should also mention "the bigger the better". Larger wire has less resistance and doesn't cost that much more. Needed or not...it is better to be too large than too small. 12awg is probably larger than needed on most layouts, but it doesn't hurt a thing to use it. With large bus we are talking wire resistance and not current capability.
20-22 awg is ideal for drop feeds. As I noted, the current divides itself through each jumper with the most going in the path of least resistance, ie loco in middle of section between two feeds = almost even current through those feeds with near that amount going through all the other feeds. Not much for any single feed.
Voltage values does not trip the breaker on any of the command modules I am aware of, excessive current does. If the "coin test" doesn't trip the breaker, then I would bet you have a lot more wrong than too much resistance in the wiring or track; probably bad connectors. Crandell, you said it all when mentioning good track work and soldering connectors.
I also have read the reports on N/S track resistance with OPSIG having the most detailed. Again, with proper track installation, soldering joints, and a reasonable amount of track feeders, this shouldn't be a problem. How far away will the loco be from a track feeder. I have had as much as 20 feet without any feeds and didn't have any noticeable (lights operation) drop in voltage.