i do a/c work on auto's all the time and i break all the "rules". i have gauges, a vacuum puller, and equipment but it's not always handy and friends don't always want to wait or pay for it. my cousin is also a licenses HVAC guy who works for the military, he's rather qualified and where i've gotten some of my equipment from.
i can tell you with 100% certainty that i could replace that hose and nothing else and it'll be fine assuming it really was 'just a hole in the hose'. done it tons of times.
i'd replace as many orings and schrader valves as you can while the system is apart.
you can remove moisture the old fashion way - introduce charge refrigerant on "one side" while the other side is open, thereby letting it free flow through most or all of the system (not sure how it's set up on tractors). that blows out most of the moisture/air. then properly charge it.
but, i've even done tons of vehicles without even doing that with no ill effect. actually the first one i ever did years ago was a friends honda and it's still blowing ice cold last time i talked to him.
i realize all the warnings and technical nature of a refrigeration system, but my experience has been that the systems are designed with large amounts of cushion and very forgiving if they aren't riddled with complications. and that seems to be your case.
the only thing i'd be worried about is if the hose was in a position to bring in particulate matter into the system - like dust, mud, dirt into the breached hose line. if that's not the case, replace the hose, charge it and be on your way.