Most pizza cutters worked fine on Railcraft/ME code 55 as well, at least the stuff made before the mid 90s. I haven't tried any track from later than than.
The only locos I have that absolutely won't work on ME track are the 1960s/70s Arnold stuff, but even it RUNS on the track, and runs quite nicely, if you ignore the bouncing. Not just on the spikes, they don't like code 55 soldered to PC ties. Says something for their electrical pickup that they'll run with the wheels off the rail half the time...