My dad's family bleeds blue and my great grandfather on my mom's side is roll'n in his grave with the death of the Allis name, so while I don't know any where near as much as most of the folks on here I know more about old Orange and Blue iron.
As for general advise here's my take. What kind of baler are you wanting? Even a small 4X5 round baler can be pretty heavy going up and down hills, while they don't take a great deal of power to turn they can take some power to get up hills when full and weight to stop going down. Of all the things you listed, I would say going small scale the size of your baler is going to decide how big of a tractor you are going to need. When you start looking, keep in mind that all the nice things you want came out and were new at one time, just like cars you don't want to first run. The first model series with a new option is usualy where the lemons were. For example Dual Power on the old fords. They came out first on the larger Xooo series and were not known for their durabilty. The X600 and X700's were much much beter. Same goes for FWA, no matter the color the first run were no where as good as the second.
If you have never been around tractors much it will show when you go to look at one some where. Take an old hand with you. Even if you have to pay the local profesional shade tree mechanic to ride with you to look it over it could be money well spent.
If you buy used, try to buy it from a dealer that sells the same color of new, they will be more help down the road.
If you buy one at auction or out of the newspaper or craigslist, this site or where ever try to talk to local tractor folks and find out which local dealer is the best. For me that's Ford or New Holland. There is a blue, green, and red dealer with in 30 miles of the house. The blue one is a local family joint, been there for years. They have two parts folks who have been there as long as I can recall and they know most folks by name even if they are only in there a few times a year. The red and green joints have been bought up by the regional supper size mega chains. They have a young parts and mechanic crew who might know a GPS unit inside and out but if you ask them about a widget for a 4020 or a 986 they just look at you till they figure out you are one of them cheap folks who just waste their time and never spend more than $10,000 when you walk in the door. The closest Agco dealer is over an hour away and while they are good they are an hour away. With that said, every thing else be'n equal, I lean towards the blue iron.
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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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