I prefer #1. It has a more natural vintage look to it. Silver tone, detail, and excellent composition. In #2, with highlight protection applied, caused halo effect in sky around edges.
On # 2 the smoke looked weird. The blacks are no longer black but more of a dark grey. And then the trees look like it was taken more with a Full Spectrum camera then a regular camera.
I'm curious what it looks like with the right and bottom cropped up a bit while still keeping the Private Property sign which would enlarge the choo-choo and preserve your leading line with the tracks.
If you are going for a more realistic look, then yeah #1 is your guy. But, #2 has an artistic quality to it that makes it look like a pencil drawing, and I LOVE that. Don't forget that photography is as much art as it is trying to catch a realistic shot!