I think this is a very valid topic, glad to see it was posted (thanks, Andre) and I hope it gets more input.
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I wonder if sometimes we put too much emphasis on the height of the rail, therefore labeling it as "high rail".
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In N scale. a layout that uses code 80 as opposed to 55 is not called "high rail";
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In HO, code 83 is fine, although 70 looks better; does that mean 83 is "high rail"? I don't believe I've ever heard of such a thing in either of those two smaller scales.
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With that in mind, I'm perfectly satisfied with using American Models track, with its code 148; it's the same size as what I use for O scale, but it's not so big to look...
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..."overly oversize".
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And yes, those old Flyer "toy trains" were certainly built to last...and are easy (and fun!) to work on.
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It's all good.
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Mark in Oregon
Mark Mugnai