Thats a real puzzle ?? does the tractor use an oil light instead of an oil pressure gauge ? If only a light is used, anything over 5 psi will keep the oil light dark.
Both oil types should not foam normally, but yours does. The low oil level sounds like the oil is being pumped somewhere(valve cover ?) that does not drain back quickly, so the oil level runs low enough to suck up air and mix it with the oil.
I would remove the valve cover to inspect the drain back holes and run the engine at idle to see if their is some wear or leak allowing excess oil to the rocker shaft. Also make sure your crankcase breather is open.
Please post what the fix is, this is an unusual and interesting problem. Sorry I have no Ford 5000 experience to better help.
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