Will this let you run 2 small trains at the same time. For example if I set up a large outside circle and an inside circle where 1 train stays on the outside and 1 stays on the inside?

Name: Bachmann #6 Right Hand Remote Crossover Switch Nickel Silver E-Z Track HO
Brand: Bachmann
SKU: 160-44576
Price: 78.27 USD
Availability: InStock

It is typically used to allow trains to move from one mainline to another.

Bachmann - #6 Right Hand Remote Crossover Switch Nickel Silver E-Z Track HO

Item Number: 160-44576

MSRP: ~~$125.00~~

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Your Price: $78.27

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Scale: HO

Nickel silver track with gray roadbed; 1/box

Connects parallel tracks, allowing equipment with longer wheelbases to cross over smoothly and at higher speeds.

Additional Product Information

Manufacturer/Brand: Bachmann
Mfg Part #: 44576
Choking Hazard - May contain small parts. Not for children under 3 yrs.
Model railroad items are not intended for unsupervised children under 14 years of age.
UPC: 022899445762