here's some tidbits on molybdenum I picked up. It has many uses, some being- paint pigment, trace element in toothpaste, alloying steel and lends high temperature qualities to bearings. The Germans figured out it made tough steel and used it for amour plate in WW1, Jet engines would not have been possible without moly. It is used in many lubrication applications, and is famous for withstanding high temperatures. As a lubricant it impregnates steel and is effective even if it appears to be wiped off. I suspect Kubota recommends it because many owners neglect the maintenence of their equipment (not likely readers of this board ) out of ignorance or whatever reason. At least by using moly, there is some chance of retained protection. I was also curious about the specification for the front axle, where either of the UDT's OR 80-90 wt gear oil can be used. When I asked why not a specific requirement, the dealer shrugged his shoulders and replied something to the effect of- "use Yak urine if you want, as long as you put something in there."
Anyway, back to moly, neglect is the main reason I believe it is recommended. Most of these tractors don't generate enough power (I can see the smoke now) to really generate "extreme pressure" or heat that makes moly a necessity (note, I said most.) I grease regularly, and use Shell Retinax HD2, on loader and tractor as well as anything else I need grease on. I think you should use what the book recommends, I am just explaining why I do what I do.
It would be wise NOT to use moly where it is NOT specifically recommended.
It is not a magic lubricant because it has certain qualities, it can create nasty surprises. In some cases where there are dissimilar metals it has been known to gall badly. I don't know all the specifics on this, but I do know it happens. Competition shooters used moly lube on .45 colt automatics with alloy frames, and got bad galling as a result. I have seen it in other places also, the metal digs and smears, like trying to grade sand with a nice size rock caught under your bucket.