If I was buying a used tractor in 1984, and on a very low budget for 80 acres, but still serviceable in 2004, we should be looking for a 50-60 HP tractor with 3pt hitch etc.
It should an an IH in my opinion (John Deere is too cliche) and one that was maybe 1974 or older.
I'd pick a 574 row crop diesel (1973/1974) hang a 3x14" plow off the back of it. A 574 would be well used in 10 years by a bigger farm and traded in.
How long it takes to plow an acre depends on lots. I've spent an hour an acre with a 3 furrow plow and 70 HP tractor, small irregular shaped piece with obstacles. Wide open spaces, i.e. a 20 acre field perfect rectangle you might get 80% efficiency.
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