The serial number poses a problem. FAA-1 (not I) would indicate a Super A-1. The problem with that is that they were built only in 1954, and began w/ Ser. #356001. As far as the serial number, those built as Farmalls had a prefix of FAA, and the Internationals (industrial) bore IAA. If it were a SuperA-1, the motor prefix would have been FCM instead of the FAAM you have, which would be right for the SuperA of either stripe.
For decals and emblems, the only distinction between the Farmall and the International (industrial) SuperA series was the long decal on the hood. The FAA would have the Farmall decal, the IAA International. The Super A circle was the same on both. By '52, I believe both had only the rectangular IH emblem on the front of the grille. Earlier years, when the wide "wing" grille emblem was in use, there was the same Farmall/Int'l distinction in the wing as in the hood decal.
As far as color, it very well could have been yellow originally. IH would paint a tractor any color you wanted as long as you ordered enough of them. Otherwise they were red, just like everything else. A lot of As and Super As were sold for mowing roads and left the factory painted yellow or orange, and it's quite possible your tractor is one of them.
Your setup sounds like a bit of a hybrid, what with the foot-feed. That was generally unique to the IAA version, but that's not saying it couldn't be original. Same goes for the front axle. On FAAs, round was standard, but the rectangular tube standard on the IAAs was an option. I don't know that the round tube was listed as an option for the IAA (it would be a direct, bolt-on swap in any event) but, again, if you ordered enough of them, IH would build about anything you wanted within reason that could be assembled from available parts.
Not sure what to tell you about it appearing to be lower to the ground. On an standard A/SuperA of either type, the bottom of your oil pan would be just about 24" off the ground, and the bottom of the main part of the tranny about 22". Tire size will make some difference but, if yours is significantly different from that, there's the possibility that it is one of those bought by another company as a partially completed chassis adn fitted with different running gear and/or gearing for use as an aircraft/industrial tug or other custom use, which might explain the 1 or I you're seeing after the FAA prefix. I'm not well-versed on the more common variations like that. Maybe some others will jump in with some names.
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