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I'd say they're probably a good way to practice fixing broken locos - if you can pick them up for pennies at shows, etc then build one good loco out of two or more "duds", it'd be good experience for future repair jobs on more expensive locos. I've tackled locos that were worth a considerable amount more after I repaired them, but started out fixing old Hornby stuff worth next to nothing - if it goes wrong you've not lost much, and it's useful experience
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