Most of the Red iron of that era is darn good stuff. It sounds like yours was well cared for, and it will serve you well for years to come. In my book, if the worst fault you can find is a small hydraulic leak, you did really well for $2500.
An "industrial" usually has a heavier (though fixed width) front axle and is well suited to handling a front loader, though it will benefit from having a front mounted pump for the loader hydraulics.
As for what it will lift without a loader? Depends on how far the reach is behind the rear axle. As a 'good guess', a bale (or carry all) fork on the 3pt with that tractor will pick about 8-900 pounds, load centered at 2' back of the end of the lift arms; maybe more if things are in really good shape. Of course, you'll have to consider the weight of your forks as part of the load - build them as light as you can - 2" square tube seems to work well. Look at a "Worksaver bale fork" for design tips. I have one that I use to move wide pallets of stuff with my SA w/3pt conversion (it will pick about 800#) - it won't work on a 40" pallet though.
A boom pole cuts the load limit to about half as "force times distance" comes into play - the further back the reach, the less it will pick. Front weights will help some. Practically any commercially available boom pole (Tractor Supply / CountyLine / Tarter) will work fine with limits of the tractor (you won't break it), and will probably be lighter than what you would build, adding to the actual load lift capacity. A shorter top link will decrease reach but increase the lift capacity, longer will do opposite. Basic physics, and you probably knew that, but it doesn't hurt to mention for other readers (lurkers) out there. :-)
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Today's Featured Article - Usin Your Implements: Bucket Loader - by Curtis Von Fange. Introduction: Dad was raised during the depression years of the thirties. As a kid he worked part time on a farm in Kansas doing many of the manual chores. Some of the more successful farmers of that day had a new time saving device called a tractor. It increased the farm productivity and, in general, made life easier because more work could be done with this 'mechanical beast'. My dad dreamed that some day he would have his own tractor with every implement he could get. When he rea
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