Perhaps I'm not explaining adequately
Current to the motor will not flow through the decoder at all. it will flow through a thyristor (SCR) or similar device, which gives halfwave rectification, or alternatively I rectify it through a bridge first. The motor is connected in series with the thyristor directly to track power, not to the output of the decoder. All the decoder has to do is drive the thyristor gate with its PWM signal, virtually no load.
yes the voltage needs to be dropped for the decoder - probably. As far as I am aware they can all handle up to 16V, some will undoubtedly use 30V components. I would put a small zener and resistor on the track input to the decoder to drop the voltage - it will be drawing only the current to any function outputs, there is virtually no current to the motor.
Zener $1. SCR $3. bridge rectifier $5. HO decoder $15. if it works that's half the cost of a G scale decoder. Even with additional connector hardware, perfboard etc it's still not much over half. if the HO decoder is already lying around, it is very attractive