John, This can be done. However, the time and money
spent to do it would be enough to overhaul the
factory engine about three times. Plus, you'd be
able to use the tractor much sooner! I have seen a Farmall C with a small block Ford
V8 installed. It ran and worked ok, but the thing
overheated really quickly. If you do swap engines
be sure the radiator can handle the new engine's
needs.
Good luck and just my $.02,
Phil