Have a few questions. Does the fuel knock go away as the engine warms up? Have you checked that the glow plugs are working OK? If the glow plugs are not working correctly, you can have a lot of fuel "wash down" untill the engine warms up. In real cold weather, I usually wait until I hear the glow plug relay shut off before I start the engine. The relay has and audible click about 5 seconds after the glow plug light goes out. Once you start the tractor, do you run it for a few hours at a time or just a few minutes? Cold starts definately increase fuel contamination in oil. If you are using off-road diesel, you may want to try a fuel additive such as Redline 85 or BG44k first and run it for a few hours at higher RPM and under load to see if it clears out. Since the engine only has 120 hours on it, I doubt that pump timing is an issue since that is usually a function of timing chain-gear wear. If you do end up taking the injectors out, replace the heat shields and gaskets. Hope this helps.