I have a 40HP, 4 cyl
L4300 with ag tires and it's an actual farm tractor. I've raked hay with it, pulled a 13' spike harrow, 8' cultivators, pulled hay wagons, pulled a seeder, an 8 ft Brillion cultimulcher, used a 6' rototiller and done everything I have done in years past with an 8N or Int'l H. I never overworked it. Actually, the Ford and H were comparatively light duty and the
L4300 will far exceed them in work with substantially less fuel usage. Any farmer of the 1960's or earlier would have marveled at it's efficiency and ability to get work done.
If this were the 1960's again and the choices were the same on a typical 60 acre farm of the day, the
L4300 would be my choice for everything but tillage. Put some weight on it, however, and it would pull a two bottom plow better than an 8N and the same or better than an Int'l H. I've used all three.
Some of these smaller tractors like this, however, struggle with industrial work because they don't weigh enough or have the wrong tires for the task. I wouldn't want to load gravel all day every day with an L. It's not made for that. Pumping water all day or running a generator all day is fine, however. Twitching big logs more than occasionally is too much while pilling a heavy hay wagon on flattish ground is fine. It's not going to efficiently run other than a smaller baler but neither did other tractors of the day. That why some old balers had engines. Anyway, that's my take on it.