I have to disagree on the repair costs. The 56 series was the last of the dry sleeve engines. Starting with the 66 series they went to a wet sleeve block. From all I've heard, the wet sleeve engines were less "bullet proof" than the dry sleeves.
However, the only ones I have had personal experience with were an 856 I owned and an 806 and 1066 that my father-in-law owned, and none of them ever needed engine work. The 1066 had only 900 hours on it when he sold it.
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Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
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