Since it is kind of a mutt model. Meaning it is assembled parts of two more common tractors, I would steer away from it as a tractor to use. Now as a collector tractor it would be attractive as it is usual.
As for valve with a non running engine. A MF 165 in good shape can be bought for the $4000-5000 range. So I would think that the MF 155 you are looking at should only be worth the $1500-2000 dollar range.
You can very easily put several thousand dollars into the injection pump and injectors. Then you do not know if there is any other engine issues.
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Today's Featured Article - 12-Volt Conversions for 4-Cylinder Ford 2000 & 4000 Tractors - by Tommy Duvall. After two summers of having to park my old 1964 model 4000 gas 4 cyl. on a hill just in case the 6 volt system, for whatever reason, would not crank her, I decided to try the 12 volt conversion. After some research of convert or not, I decided to go ahead, the main reason being that this tractor was a working tractor, not a show tractor (yet). I did keep everything I replaced for the day I do want to restore her to showroom condition.
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