Yes the NAPA fluid will be fine. The 303 will be fine also.
As I said that is strictly oil for hydraulic system only, with a simple Bosch/Rexroth gear pump. Does not need anything special at all. We have owned a 6260 (6240's big brother)with loader since new (its usefulness depends on hydraulics) and have used only 303 or whatever cheap trans hydraulic fluid in it all its life. Also have a 68 06 which is basically same system.
Even use the cheapest oil in the 100 and 130 o6's that do share oil with transmission. Remember that the quality of the oil was not as good as even the cheap stuff now. 303 is basically what they had back then so no reason to fear. If this is the first time you have had to add hydraulic fluid to the 6240 you must be very new to it or you have some good cylinders/hoses/fittings/etc that do not have any leaks! I wish I were that lucky!
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