One of the drawbacks of PTO winching is the PTO only turns one way, and if you get in a bind, how can you back it up enough to relieve the stress on the cable so that you can reposition it or reverse it?
Say your pulling a log and it catches a large tree root or a V between two trees. How do you back it off?
Sandman is right about not having reverse. The trick, and sometimes that's just luck, is not getting into that position. One way to avoid those problems is to have a second "change of direction" pulley hung high on a midway tree so as to keep the butt pulling in an upward direction. From a control perspective a hydraulic winch could have many advantages, but for cheap a pto will git er done.