That is a very good, but far-ranging question there Mr. toast.
Let's see now, on my layout....
Track: I am using mostly Atlas flex track, with some Atlas sectional track where applicable.
Turnouts: I currently have Atlas #4 and #6, only because I received a bulk lot in trade for some computer service. I am thinking however of replacing all my Atlas switches with Peco as they snap when thrown. Currently I am having problems with derailments at some turnouts. Also, I will be putting in "under the layout" switch machines, possibly Tortoise.
Locomotives: Currently I have 4 of the Bachmann 4-4-0, while all four run well, they only pull about 4 cars, however, this is prototypical so I am not worried. I will be repainting them and also replacing the couplers. On my wish list is the Altas 4-6-0, a friend has one and they are great little runners/pullers. Also, our club has the new Bachmann Spectrum 2-8-0, now this one can run all day at our shows and pull 15-20 cars. For deisels, the guys at the club swear by the new Altlas or Athearn locos.
Rolling Stock: Currently I have 8 Bachmann old time cars, but I would not recomend them. My wish list is full of Athearn MDC old time rolling stock, they seem to be the only ones doing old time. At the club, we have all kinds from almost every manufacturer. Athearn seems good, Intermountain and Micro Trains seem good, several others are ok.
Structures: For structures, I have decied that if it is brick, it will be styrene. I will be using modified DPM kits for downtown Orangeville. For wood structures, I will be using wood kits. Rusty Stumps has some awesome wood shake shingles, in my opinion these look much better than Campbell paper shingles. Rusty Stumps HO kits are good, I hope he starts doing N Scale kits. I plan on scratch building several structures.
Details: I have several Rusty Stumps detail parts, these are all high quaility. Preiser has several kits of people that look good.
Scenery: Here I find that the packaged product from Model Railroad manufacturers are pricy. I will be using material from other sources. The local Dollarama (dollar store) is a treasure trove. Decorative gravel and sand, Spanish Moss and Lichen. The outdoors is also valuable.... Seedum and some weeds like Old man's Beard grows wild around here. I will be trying the "foam/paint in a blender" experiment as well. Used coffee grounds resemble the rich earth of the Credit Valley I am modeling. Fine sawdust resembles the sandy areas.
To my way of thinking, I will put the money into track, motive power and rolling stock. Then be inventive (read cheap) with the rest of the world.
