Just a little story about my brothers tractor.
Tractor developed a knock in the bottom end. Dropped pan and it had spun a couple of rod bearings. Tractor was old so he had a guy do a complete rebuild, newcrank, pistons, sleeves, valve job, the whole nine yards. Put engine back in tractor cranked it up sounded good. He took tractor out and used it for a while and noticed another knock in the bottom end. Dropped pan and realized, he never filled it with oil. Of course the crank and rods bearing surfaces where scared. Well, he took emory cloth and polished the crank and installed new bearings. This time he filled with oil. Tractor ran fine, for about a year of limited use. Then it developed another knock in the bottom end. Moral of story, engines dont last long without oil and sanded cranks with new bearings dont last much longer. My opinon is sanding the crank and installing new bearings is only going to buy you a little time before your back into the engine again, and next time it can be much worse, especially if a rod breaks, or you spin a main bearing and ruin the engine block. Do yourself a favor and do it right the first time and that tractor should last for years. Or you can do what my brother did, waste a bunch of money trying cheap tricks and then buying a new tractor.