John,
While only one is a diesel, all of my LGB locos date from the 1980-s. Most spent 20 years in storage. Of these, one needed a new motor, and one needed a professional rebuilding to correct a my myriad of wear-and-tear related issues. A loco of similar vintage I picked up used three years ago needed new idlers. All have successfully returned to service and do several hours a month if not a week. I cannot imagine your diesels will be much different, as my quick study of old tech manuals shows the internals of the motor blocks are pretty much the same. If you are dealing with motors and gears, you are probably good to go.
I did find one thing in my years long adventure in getting an older loco working. Marklin changed the chassis design relative to my older LGB chassis, making it incompatible with my old loco (Glad I asked before I ordered!). This would suggest that you could find a similar issue if, say, the axle holes were no longer round and you had to replace the motor block.
Dan Pierce, an active forum member, was invaluable in getting my little iron horses back on the rails. He can probably provide you more specific advice.
Aloha,
Eric