I really wanted a tractor-powered splitter, for all the usual reasons you see listed here, including one less engine to maintain, and I was hoping to save a little money too. My
B7100HST only has 3 GPM, so using the tractor's hydraulics was going to give really slow cycle times. A PTO pump would have brought the total price of the tractor powered unit higher than faster stand alone of an equal tonnage rating.
I bought a used stand alone for only a little more than a tractor-powered 3 point would have run. me. It is rated a 24 Tons (4" cylinder), and has an 8 HP engine. With an 11 second cycle time, it still seems too slow. It can do 26" logs, but I cut my wood to 18-20" as that is the best size for my wood stove. The extra 6 inches of travel is actually a liability. I usually stop the return stroke before it gets the whole way back to save a little time.
I have since figured out that the pump that is on it is undersized for the 8 HP engine. It is an 8 GPM two stage pump. 8 HP can handle a 16 GPM pump -- 1/2 the cycle time!
Of course, being a motorhead ('60's muscle car fan), has transferred to my tools too, and I want to "hot rod" the splitter. I have a 10 HP Yanmar L100AE single-cyl. diesel engine, and bought a 22 GPM two stage pump off eBay, and will be putting this combo on the splitter.
One of the big advantages of a stand alone splitter is the type of pump they use. For those that might not know, most, if not all stand alone splitters use a two stage pump that runs a lot higher GPM at lower pressures (usually 650 PSI), and that switches to a lower-displacement higher pressure stage (usually 2500 PSI). For example, the typical 11 GPM log splitter pump, provides 11 GPM up to 650 PSI, and then a little less than 3 GPM up to 2500 PSI to get through the tough spots (knots, crotches, etc). This gives faster cycle times, as most wood splits at the lower pressure, and the slower, higher pressure is usually only needed for a fraction of the stroke. This allows for a smaller engine size, which is why even a 5 HP gas-powered splitter can keep up with most tractor-hydraulic powered units.
Of course, tractor hydraulics, and PTO pumps are all single stage, thus requiring a much larger engine so that the power is there as the pressure goes up.
The Prince LSR Rapid extender valve mentioned elsewhere in this thread looks like a great compromise, and provides some of the advantages of a two stage pump for single-stage pump systems. I may have even bought a 3-point tractor-powered unit if I had known about this valve.
Now that I have my stand alone, I won't go back. As others have mentioned, it is good to have the tractor free to move the wood, which is exactly what I do. I am building wood cribs from pallets, and getting forks for the loader. Currently I just set the crib on the bucket, right by the splitter, and load the crib as I split. Once the crib is full, I secure it to the bucket with a ratchet strap, and drive it to where I need it, and carefully slide it off the bucket, hopefully keeping it upright. The forks will make this job easier.
A three point mounted splitter would make this much more difficult, as I'd be splitting on the opposite end of the tractor from where I am stacking the wood.
There are pros and cons to either approach, but sometimes the best solution isn't the first one you think of.