Most of the Red iron of that era is darn good stuff. It sounds like yours was well cared for, and it will serve you well for years to come. In my book, if the worst fault you can find is a small hydraulic leak, you did really well for $2500.
An "industrial" usually has a heavier (though fixed width) front axle and is well suited to handling a front loader, though it will benefit from having a front mounted pump for the loader hydraulics.
As for what it will lift without a loader? Depends on how far the reach is behind the rear axle. As a 'good guess', a bale (or carry all) fork on the 3pt with that tractor will pick about 8-900 pounds, load centered at 2' back of the end of the lift arms; maybe more if things are in really good shape. Of course, you'll have to consider the weight of your forks as part of the load - build them as light as you can - 2" square tube seems to work well. Look at a "Worksaver bale fork" for design tips. I have one that I use to move wide pallets of stuff with my SA w/3pt conversion (it will pick about 800#) - it won't work on a 40" pallet though.
A boom pole cuts the load limit to about half as "force times distance" comes into play - the further back the reach, the less it will pick. Front weights will help some. Practically any commercially available boom pole (Tractor Supply / CountyLine / Tarter) will work fine with limits of the tractor (you won't break it), and will probably be lighter than what you would build, adding to the actual load lift capacity. A shorter top link will decrease reach but increase the lift capacity, longer will do opposite. Basic physics, and you probably knew that, but it doesn't hurt to mention for other readers (lurkers) out there. :-)
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Today's Featured Article - Field Modifications (Sins of the Farmer) - by Staff. Picture a new Chevrolet driving down the street without it's grill, right fender and trunk lid. Imagine a crude hole made in the hood to accommodate a new taller air cleaner, the fender wells cut away to make way for larger tires, and half of a sliding glass door used to replace the windshield. Top that off with an old set of '36 Ford headlight shells bolted to the hood. Pretty unlikely for a car... but for a tractor, this is pretty normal. It seems that more often than not they a
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