Have you tried checking the spark and the fuel in the fuel bowl as as soon as it dies?
That might telll you where to begin looking for the problem. If it cutS out when you try to shift, I would expect a fuel problem.
But start it up and let it idle till it quits and immediately check the spark. If it's the requisite FAR AND BLUISH-WHITE, the color of lightning. then repeat and check the fuel in the fuel bowl of the carb by removing the plug and looking for A CONTINUOUS GUSH of fuel. If it's intermittent or dribbles then you are not getting a good delivery of fuel bowl of the carb.
If the furel delivery is good, then check the adjustment. 3/4 turns out on the idle air and 1-1/14 turns out on the main jet are good starting points. Make sure that you don't have any leaks around the carb metering section(throttle shaft, carb to intake manifold connection, rust holes or cracks in the intake manifold or manifold gasket at cylinder head connection).
If you don't have a good spark, check the point setting, the point condition( burned, oily, corroded, etc) and the connections in the primary ignition circuit. Make sure that you have battery voltage on the distributor side of the coil WITH THE POINTS OPEN AND near zero volts WITH THE POINTS CLOSED. Jump across the key switch and start the tractor and see if that fixes the problem. Key switches go bad. They get a high resistance, after about 2-5 minutes of being closed.
Systematically check these issues out and you should find the problem.
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Today's Featured Article - 12-Volt Conversions for 4-Cylinder Ford 2000 & 4000 Tractors - by Tommy Duvall. After two summers of having to park my old 1964 model 4000 gas 4 cyl. on a hill just in case the 6 volt system, for whatever reason, would not crank her, I decided to try the 12 volt conversion. After some research of convert or not, I decided to go ahead, the main reason being that this tractor was a working tractor, not a show tractor (yet). I did keep everything I replaced for the day I do want to restore her to showroom condition.
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