Well, I can't speak to the steering that others have mentioned, or the specifics of this model at all really. However, if the hoe is viable, and your projects are within the capabilities, it might be worthwhile. MIGHT... My folks bought a MF202 TLB back in the 70's. It was pretty used up then, but you could still get parts etc. That machine has done an unbelievable amount of work. It's done multiple septic system installs, underground oil tanks, foundation, and footers, drainage ditches, you name it. It was used perhaps once a year for decades, and apart from blowing a hose now and again, the hoe was fine.
Fast forward to today. The hoe hasn't been used since 2012. It had been a few years since using it before that. I found the rotator on the hoe was in just about complete bypass. The curl cylinder is also in bypass. I could get the curl fixed, but the rotator parts are NLA.
If I could get that rotator fixed, it would be worthwhile to do so. Yes, the hoe really would need all the other cylinders rebuilt, but that's not a horrible project. It would need hoses, which is expensive, but what isn't. I don't need a hoe often, and I do have a very small one besides the 202, but there are still projects that need a full size machine. If I could get the parts, I'd do it. The reality is, I can't get them, so it sits, disconnected in the woodline. The hoe will never get fixed, or used again. Unfortunately, I can't get my uncle to agree to get rid of it (he owns half). The tractor, and loader run fine. It's nowhere near as nice as the JD300 loader, so it generally sits as well. I run it a couple times a year, so it gets run, but it isn't really needed unless the JD goes down...
So... IF you have the occasional need for a hoe, AND you can actually service everything involved, then it might be worthwhile.
On the other hand, if you just want a hobby to pour your money in to, why not... Some people have boats or cars for that sort of thing...
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Today's Featured Article - A Cautionary Tale - by Ian Minshull. In the early 1950s my father bought an Allis Chalmers B and I used it for all the row crop work with the mangolds and potatoes, rolling and the haymaking on our farm. The farm and the Allis were sold and I have spent a lifetime working on farms throughout the country. I promised myself that one day I would own an Allis. That time event
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