I have a 240U with a Wagner-IH loader. It's a pipe loader, but is a pretty substantial pipe loader witha 2 cylinder hydraulic bucket. From the existing plumbing on the tractor, it appears that it was hooked to the tractor pump at one time in it's life, but when the PS was added, it took enough flow away that a separate crankshaft driven pump was added. The loader works plenty fast now, but the 3 point (just like your 3 point) is starved when the engine is idled down.
As for an upgrade from your 8N, you have the advantage of live hydraulics, more weight and a few more HP, but the drawbar pull will be better, due mainly to the lower gearing, not HP. The engine is rated at 40, but the Pto is closer to 30 and the DB more like 26-28. I may be off, but I believe the pto on the early 8Ns was 22 and later 26HP. You will no doubt find you need more weight on the rear like I need... still looking for weights for 24" wheels. Have found some for 28", but the 24s seem harder to locate.
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