Hi
Wow, two VERY big topics in one. I read your post last night but waited for those with greater experience to respond. However I realise the disappointment of waking up to no replies, so I thought I’d offer some input.
We need more information, such as scale and gauge. Gauge One (standard gauge) 0-6-0s will require bigger minimum radii (eg 7 to 10 feet) than narrow gauge stock of a greater scale eg 16mm. (3ft ish)
Most locomotive manufacturers quote a minimum radius for each model, but this is not the only consideration. A line with tight curves might look fine with short wheel base stock (eg quarry line with Hudson tippers) but would look silly with very long carriages with their excessive overhang on tighter curves. Some idea of the style/size of stock you intended to use would help us to comment tailored to your circumstances. A quick search (using the search box top right) on "minimum radius" will get lots of posts with more general but still excellent advice.
Also bear in mind that if you intend having guests round with stock then an extra tolerance can be helpful.
The second question of raised beds. Raised beds can be quite expensive in time and materials no matter what materials are used. I think the choice is usually a balance of cost versus personal aesthetics. As part of my current planned project I calculated (some time ago) cost per metre of materials for a variety of finishes. All used up several Roundhouse units (little known economic unit relating to cost of pleasure) for a relatively short line.
However the advantages of a raised line are acknowledged by experienced garden railroaders (not as a consequence of experience but of their ageing joints) but many achieve this economically using raised baseboards of protected wood or plastic (eg Filgris). Some object to the fact that the railway doesn't run through the landscape but exceptional results can be achieved by growing shrubs such as lonicera up the sides to create banks of scale leaves beside the track.
A lot of this is personal choice (influenced by disposable Roundhouse Units) and if you let us know your thoughts we could discuss them. A lot of garden railway books will cover examples of the above too.
Sorry for the lengthy response that I am sure hasn't answered your two questions adequately. But lets us know your plans and I am sure you will get lots of discussion.
Also keep posting about your new line as it develops. Peeps will be interested.
Finally you asked for pictures. This is the best I can do: I'm testing my largest stock on a 1.5m radius curve through a possible tunnel.
Trials of loading gauge by
Andrew S, on Flickr
Andy S.