I have recently taken delivery of the NSE DCC fitted version of the Hornby 4VEP. Having read all of your concerns, both aesthetic and mechanic, I opened the box with some anxiety. The train went together very well, the coaches were packed in the box in the correct orientation so that it worked first time. Having read various comments about the tractive performance of the train I was not too surprised that the coaches do not roll freely on the track in the absence of the motor car. Although not surprised I am still disappointed I should add, especially considering that these coaches have no electrical pick-ups on the wheels, normally the source of such friction. I suspect it is this lack of free-wheeling that is the primary reason for the poor mechanical performance of the train driving the requirement for traction tyres.
The train moved forward (motor coach towards the front of the train) at low speed with no problem until the first curve. At low speed the train slows on the curves, even stalling at very low speed. There was no such problem at medium speed or faster.
I tried the train in reverse (with the motor coach towards the rear of the train) only to find it derailed on the curves and the points. Under closer inspection it seems that the torque on the driving axles causes the leading end of the motor bogie to lift doing a sort of wheeley! As the train enters a curve the bogie fails to follow the bend and the leading wheels leave the track causing the derailment.
I can therefore only agree with my fellow members of the forum that there is a design issue with the VEP's undercarriage, both motor bogies and trailing bogies that render the train unfit for purpose.