Get it out in the field and work the heck out of it for a few days. Before you do that, though, make sure the ignition system is in top shape.
My dad gave me a 4 cylinder 44 once that was running on only 2 or 3 cylinders. He said the engine was shot and he wasn't going to put any money in it. I coaxed it home a couple of miles away. I pulled the distributor cap and found the spring loaded carbon button was missing from inside the cap. I happened to have a VAC Case that took the same Delco Remy distributor cap, so I borrowed the cap from the Case and put it on the Massey.
I then went out on the road in the opposite direction from my dad's place. When I hit full throttle in 5th gear, you would not believe the black carbon and junk that flew out of the exhaust. I ran it several miles down the road and returned home, all full throttle in 5th. By the time I got home, it was running like a top and the inside of the exhaust pipe was starting to turn a healthy white.
I used the tractor regularly without doing anything else but springing for a new distributor cap. My dad never asked any questions, and I never volunteered anything.
Also, per El Toro's post about the Mustang, I once bought a Chevy Caprice that was only getting about 200 miles to a quart of oil, and was priced accordingly. I went ahead and built up a fresh 305 engine and figured I'd do a swap some weekend. Meanwhile, my wife started driving it to work, 25 open road miles each way. Within a month the car quit using oil altogether. Some old guy had been putting around town with it, and it was so sooted up all it took was a few thousand miles of open road to clean itself out. We put 50,000 miles on it and I doubled my money when I got rid of it.
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Today's Featured Article - History of the Nuffield Tractor - by Anthony West. The Nuffield tractor story started in early 1945. The British government still reeling from the effects of the war on the economy, approached the Nuffield organization to see if they would design and build an "ALL NEW" British built wheeled tractor, suitable for both British and world farming.
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