That is very good pricing you have there. Your price on the '09 121 is almost $5k less than I was quoted 2 weeks ago. I have not operated a 161, so I cannot make any comparisons. However, I do have about 30 hours in a 121 with rubber tracks and I can give you a few observations.
First, I'll agree with others on the steel tracks. If you're not hauling it around and crossing pavement or concrete areas, the steel tracks would be the way to go for you. I cross a lot of driveways and lawns. Next, I don't see the big advantage of spending the extra money to go with the 6 way blade on the '09 121. That's what I used. The idea is that it also doubles as a regular 6 way dozer. That is where it's relative small size comes into play. I personally don't think it is big enough to justify the 6 way blade for most work. The '08 121 with a 4 way blade should be great in almost all conditions except cutting in a swale or ditch. Finally, I'll respectfully disagree and say that the little 121 will do a great job cutting out most stumps. As many know, I've operated some absolutely huge equipment in the mines and I was used to just raising the bucket out at about 15' high and simply pushing any size tree over. Clearly you won't do that with any mini excavator. Sure, it took a little more time, but I was able to take out even a 20" Cypress stump with the little 121.
If I wasn't buying a new tracked skid steer and some other equipment I would have bought the left over '08 KX121-3 (only has 4 way blade as compared to the '09 model 6 way blade). Again, my opinion is only based on about 30 hours seat time in a 121, but I'm really impressed with them and think they are a great piece of machinery. And, as an added bonus, they easily fit on GN trailers and can be towed with my F350 dually legally without any CDL license or additional fees. Good luck with whatever you buy. I don't think you'll go wrong with either Kubota machine.