I decided to give Athearn tech support a call and they said that their Trainpak does not have pulse. He was well aware of what that is and what it can do to some of the older locos.
I tried calling them yesterday and could not get a hold of anyone (out of office, mailbox full, no operator, etc.) and thus my starting this thread yesterday. But still I will initially monitor for humming and heat.
I still doubt that it has "un-pulsed" DC output, but I could be wrong. As I explained earlier, there are "pulses" and then there are "pulses". Not all are the same, and some can be more detrimental to the motors.
Here are some examples of what I would expect to see from a standard DC throttle (without pulse or with pulse feature turned off):
Ignore the top waveform (that is the AC voltage coming from the transformer inside the throttle).
The middle waveform is what most standard throttle will have on their output. It is pulsing (unfiltered) DC voltage. That should not damage the motor. That is what Kato throttle output looks like.
The bottom waveform is what you would see in a throttle which also includes a filter cab but has unregulated voltage. The voltage is not close to pure DC (which would be a straight line on the graph), but still has a small pulse component.
Now for a typical low-end throttle which has pulse feature:
Again, ignore the top waveform. Now you see the difference. This is still DC since the polarity is not changing, but the voltage stays low 50% of the time. That is usually how the "pulsed" throttles are set up.
Charlie mentioned a problem due to heating and motor construction., I don't believe that any of this will apply to the contemporary N scale motors. The armature wires are either soldered or crimped to the commutator. They should not come loose. Yes, a motor will get warm during prolonged running (especially of the loco is pulling a heavy load), but that would happen even if the loco was powered with true filtered DC voltage. The motor is doing work so it gets warm. While the pulsed supply voltage might cause it to run slightly hotter, it should not get hot enough to cause damage.
Monitoring the model is a good ideal And don't expect it to stay cool - it will get warm - just shouldn't get hot enough to cause damage.