You have the early hydrostatic PS. It has a flow control valve, a piloted slave valve, and a two port directional control valve on the steering shaft.
You can get rid of the last two items and replace them with a four port "hand pump" found on later tractors. I did something similar on a 8000lb Clark forklift. It has its own PS pump from the factory. Works great. I got a brand new four port "hand pump" on eBay for $125. Surplus Sales, Lincoln, NE, has them at a higher price.
I have a 504 that didn't have PS. I put a Char-lynn torque generator down where the steering shaft enters the bolster. IH had the same system but placed the TG below the steering wheel. If you don't want to break into the hydraulic plumbing, install a A or C (or later) hydraulic pump on the engine. It's a bolt-on with your engine. A little bit of the right frame rail has to be ground away.
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Today's Featured Article - Timing Your Magneto Ignition Tractor - by Chris Pratt. If you have done major engine work or restored your tractor, chances are you removed the magneto and spark plug wires and eventually reached the point where you had to put it all back together and make it run. On our first cosmetic restoration, not having a manual, we carefully marked the wires, taped the magneto in the position it came off, and were careful not to turn the engine over while we had these components off. We thought we could get by with this since the engine ran perfectly and would not need any internal work. After the cleanup and painting was done, we began reassembly and finally came to t
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