9v would seem a bit low. On DC it's obviously sharing whatever the track power is with the locomotive pulling it and most DC power packs deliver at least 12v, if not a bit more. RP's track voltage is 14 point something (I forget exactly these days) which is probably a enough to shorten the life of the motor more than you'd accept if it is a 9v motor but without seeing the circuitry inside it's a bit hard to tell.
All up, if you wanted to be sure you could simply splice in a couple of bridge rectifiers inline with the motor to lower the voltage to the motor (easier but not as elegant as a proper voltage regulator).
If you put an LM in, you could make an accessory project for it, load some custom rail grinding sounds etc into it, slap some Loram decals on the side and have a freelance rail grinder.
- Tim