Tom if you are going to keep this tractor then you should flush out the hydraulic system as best as you can. Let it set for a few days and drain all the oil out. Then take a pump up hand sprayer. Fill it with Kerosene. Go down through the filler cap and spray all the directions you can. I also have a small copper tube that will fit on the end of mine that allows me to reach up in through th drain plug hole and flush things out. Just try to get all the sluge that you can out of it.
Then if the oil you drained out is new then you need to strain it before you put it back in. I have a large funnel that I lay a tee shirt doubled layer over the top. Then I pour the oil through that slowly. That will filter the oil pretty good.
Then when you are at where you buy your filters buy several of them. A buddy of mine ran IH tractors for years. He always bought them by the case. He had a pressure gauge permanently plumbed into the control value that read the pressure at the warning light port. He would just watch that pressure when hot and at an idle. When it got lower than he liked he would change the filter. His big tractor was a IH 1466. When he was working it hard he would change the filter in it twice a week. We where finding stuff in the old filters but never could trace them to the source. He ran the tractor for twenty years that way. It Never failed but when it was pulled real hard it would catch things in the hydraulic filter.
If the tractor was mine I would get everything working the best you can and trade/sell it. I have the feeling that it has been abused in the past. The IH 1566s where usually guys "big" tractor so they usually got turned up and ran harder than the smaller ones. Plus I hated the three range speeds. Grand Dad bought a IH 1466 new and we still have it. I like it much better than the IH 1566 we tried out at the time. The IH 1466 has been a better buy.
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Today's Featured Article - Show Coverage: Journey to Ankeny - by Cindy Ladage. We left Illinois on the first day of July and headed north and west for Ankeny, Iowa. Minus two kids, we traveled light with only the youngest in tow. As long as a pool was at the end of our destination she was easy to please unlike the other two who have a multitude of requirements to travel with mom and dad. Amana Colonies served as a respite where we ate a family style lunch that sustained us with more food than could reasonably fit into our ample physiques. The show at Ankeny
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