If the tractor pulls the occasional float, rides a tractor tour, jaunt down to the mail box, starts & runs OK, or other things "in retirement", that will drive one decision.
If the tractor is at work, and possibly needs a little more oomf to get the work done, that will drive another decision.
If your tractor is in retirement, holds reasonable oil pressure, burns a little oil, thus using 2 quarts of oil per year, and a set of spark plugs, you can buy a lot of these over the years to realize the cost saving of a rebuild.
On several of my tractors, re-ringing it brings back a lot of lost life for little dollars.
Many people spend a lot of dollars to rebuild tractors to near new, then let them sit in the barn other than a few hours each year running around at tractor shows. Kinda of a waste in my eyes, but if you have the dollars, I can't tell you what to do with them.
Guess it all depends on what you really need for your tractor to do.
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Today's Featured Article - Identifying Tractor Noises - by Curtis Von Fange. Listening To Your Tractor : Part 3 - In this series we are continuing to learn the fine art of listening to our tractor in hopes of keeping it running longer. One particularly important facet is to hear and identify the particular noises that our
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