Once a spare "glass set" arrives from Kato I intend to cut down the light pipe to a minimum length and glue the LED to it aimed straight into the backs of the headlight lenses. This requires two wires (see below) back to the circuit board, but what th' hey.
BTW, the new Miniatronics Yeloglo is excellent: a nice warm white, much less yellow than the Richmond Controls LED and rather brighter at the same voltage. Measured currents/voltages are 8 mA at 2.0 V, 30 mA at 3.0 V (at which current the LED gets noticeably warm). The case is almost entirely clear with just a spot of amber material apparently directly in front of the semiconductor. The amber color is obvious only from the front of the LED. From the side it appears as a flat speck.
When modifying older Kato circuit boards I wire the forward and reverse LEDs in antiparallel, with one 14V/30mA lamp in series with them as a cheap current regulator. The lamp works better than a simple resistor because the lamp's resistance increases with voltage/current. The LED current is not as constant as in a circuit which uses a current source for each LED, but it's not bad. And it has only one additional part (the lamp) instead of six, requires only two wires between circuit board and body shell, and has the lowest possible turn-on voltage. In the antiparallel configuration each LED acts as a reverse voltage limiter for the other so no additional protection diodes are needed. (In some older Kato circuit boards the LEDs are not wired this way. Instead most of the reverse voltage winds up impressed upon the "off" LED. This can destroy "white" LEDs which I suppose is why Kato advises against a direct replacement of the stock yellow LED.) Obviously I'm not using DCC :_>