If you have not bought an acreage yet, I wouldn't rush out to buy a tractor yet either. Get some quotes for what it will cost to hire someone else clear the trees, roots and prepare the ground for a pasture, including fences. Factor those costs into your purchase price because it will cost you about the same or more to buy equipment and do the work yourself, but it will be a lot of fun!
If your one to two inch trees are four to ten feet high and two to six feet across, I would prefer to pull most out by the roots on a muddy day than to cut them off with a mower and fight the roots and sharpened stumps for several years. The 165 with a stout loader would be the best to start with, but I think $8,000 is too high. You will have a hard time selling it for much over $4,500.
It sounds like your tractor needs for clearing the trees may be much different from your long term needs of clipping pasture weeds, moving a few bales and clearing snow. You may want to buy one tractor to get the place the way you want it, then trade it for a smaller gas tractor to maintain the place. A loader, 3 point hitch, live PTO live hydraulics and power steering are all very handy. A quick attach loader is great to have, but hard to find on 50 year old tractors.
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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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