Not to try to change your mind John, but to be clear:
Track pickup > diode > LED > CL2 > other track pickup
for each led, there are 3 components for each “light”, the CL2 instead of a resistor.
So no difference in complexity, and the benefit of the led being a constant brightness regardless of track voltage, while your resistor based design must be designed for worst case maximum track voltage, so dimmer at lower speeds.
The resistor-based system will turn on at a slightly lower track voltage, but I would bet that in both cases the LED will light before the loco moves.
Regards, Greg