Thanks for the inputs so far. Steamhead, I double checked: Walthers 933-3170, walking beam/"horse head" oil pump is what they call it.
I think the noise is largely in the electric motor gearing, 933-1050, or the way the gears interface between the motor and surface mounted oil pump. Walthers suggested I build an enclosure below the surface of the layout surrounding the motor, which is attached below the pump, to muffle the sound, but I think that was just a thought rather than a proven solution. I tried lubrication without much help and the one on my N scale layout has never "broken in".
I reminds me of how older model locos are alot more noisy than the new ones. I just thought maybe there might be a similar way to improve the motor and gearing for this oil pump.
Sounds as if no one has had personal experience with this though, but thanks for your thoughts. Thanks, Gary