Yep they are the same engine, the 282 was used in several tractors. Big difference is in the RPMs in order to get more horsepower for the 706 application. You may have to swap a few things such as timing cover and possibly injection pumps, but I am not certain, so compare the two engines as they are now. Im sure someone else with more knowledge will respond to your post.
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Today's Featured Article - Tractor Traction - by Chris Pratt. Our first bout with traction problems came when cultivatin with our Massey-Harris Pony. Up till then, this tractor had been running a corn grinder and pulling a trailer. It had new unfilled rear tires and no wheel weights. The garden was already sprouting when we hooked up the mid-mount shovel cultivators to the Pony. The seed bed was soft enough that the rear end would spin and slowly work its way to the downhill side of the gardens slight incline. From this, we learned our lesson sinc
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