vpd66, welcome to the thread.. That little bugger looks awesome. You will find that with a little patience they will do much more than other people say they will.. Everyone told me mine was about worthless but it has done a great job around the property. I did get a bigger backhoe JD410G but that was because of the depth capabilities I required. I could have dug out one side and dug in with the dig it but time was not on my side and the teleboom on the 410 meant I could dig 16ft almost straight down from up top
Still have the digit and used it this weekend matter of fact since completing the big dig I haven't used the 410 since. I put a manual thumb on the digit last year and use the heck out of the guy.. Most of my digging needs are similar to yours small farm stuff.
If you do rebuild it or repaint post here or start your own thread and post us the link to it here so we can follow you. I have only done a functional rebuild so far but plan to let it rest long enough for a complete rebuild soon