I'm sure it's a good oil. I believe it's diesel spec'd only, so it might not meet the current API specs for gasoline engine oil. But then, neither would the oil originally used in your tractor.
I don't think New Holland owns any refineries, so they're buying it from somebody else. My guess is it's neither better nor worse than the name-brand diesel-spec oils you can get at Wally World, such as Shell Rotella or Chevron Delo. As far as whether it's a better oil for your flat-tappet engine than some other brand, you would need to know how much ZDDP is in both.
I generally get whatever 10W-30 oil happens to be on sale. For my newer vehicles I stick with Mobil One, but for the tractor I haven't switched to synthetic. It doesn't get enough use to worry about it.
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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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