The Lionel KW should be great as is for prewar, postwar, and MPC-era locos with Pullmor motors. However, for modern-day 3-rail locos with advanced electronic boards, you really need additional protection so in case of a short (such as a derailment, or a metal object falling on the rails, etc.), the sudden electric shock and/or voltage spike doesn't fry your locomotive's electronics board. While the transformer may have an internal circuit breaker, it only protects the transformer itself and generally doesn't trip fast enough to protect the modern locos' circuit boards.
This additional protection basically consists of fast-acting circuit breaker and a TVS (Transient Voltage Suppressor) diode on
each throttle powering a track. Therefore, a KW transformer with an "A" and "B" throttle would require two of these sets, one set for each throttle. A ZW transformer would require four of these sets if powering 4 tracks. On the other hand, some ZW owners only use the "A" and "B" throttles to power two tracks, and the "C" and "D" throttles to power accessories. In this case then, they could get by with only 2 sets of breakers/diodes if so desired.
Various on-line or brick and mortar electronics stores may carry a variety of suitable fast-acting breakers and TVS diodes. And of course there are sellers on ebay that offer items that will work. A quick Google search yielded this for one........
Lionel Postwar Transformer Circuit Protection
Just remember, no matter where you buy from, you will need one circuit breaker and one TVS diode for each throttle that powers a track. Just make sure they will work on AC current. Especially the TVS diodes, as they can be purchased for either AC or DC, and you will want an AC type.
Just trying to make folks aware of this in case they don't already know. Hope this helps.