That link that Frank provided shows the LED used in the conversion. Here is what it says.
This Proto 2000 locomotive uses 1.5V , 26mA bulb (pictured above) so 400 Ohm , 0.5 Watt resistor is needed . For the purpose of this installation we decided to use TCS Sunny White LEDs that are bright , have long life and are easy to work with. We use 680 Ohm resistor for each LED (one for the front and one for the reverse light) with 0.25 Watt ratting.