And a single shank ripper is great for removing bushes and brush. You dig in on the far side, the shank tangles with the roots and when it gets in to the rootwad/stump, you lift the 3PH and out they come, roots and all. You don't have to get off the tractor to hook up a chain or anything.
By extending your 3PH lifting force out onto the end of a boom pole, you have greatly reduced you available lifting force(sacrificed pounds lifted for greater movement of the boom). If you are pulling forward with it, the pull force will be applied to the tractor way up high at the toplink attach point well above the axle. I am not a big fan of tractor wheelies I guess. The boom length will also amplify any down force and attempt to lift the front of the tractor off the ground. Just like Archemedes said, give me a fulcrum and a big enough lever and I will move the world...
Weights out on lever arms can be tricky, just ask a crane operator. I suppose a proper boom pole on a FEL could be usefull, but it could also be a good way to collapse the FEL structure, pretzel the FEL lift cylinders or stand a tractor on it's nose or side. And heaven forbid, the structure fails at the base pivot pins for the lift arms as this might send the structure back towards the drivers seat. Lifting pieces for a roof into place would be easier as the boom angle rises more toward vertical, the stresses become less. But lifting pieces down from the roof could be a real surprise. You may get the thing off the roof but as the FEL/boom come down, if the weight is too great, the ammount of applied leverage out on the boom could exceed the FEL structural limits, or topple the tractor. Modern cranes have safety devices that will halt the crane movement if weight and angle limits are exceeded(but they still manage to tip them over from time to time

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And if the hydraulics can get the FEL/boom with load off the ground in he first place without opening the safety, you must be within limits, right? The problem will most likley arise when you start to move the tractor to position the suspended load. Force = Mass X Acceleration. This is a fact and there is no way of getting around this. You may have enough power to lift the 100# truss or beam on the end of the boom and be just within limits of the loader structure and hydraulics, but now you need to position it. What do you think is going to happen when your no suspension tractor rolls over an obstacle or hole or you accelerate or decelerate too quickly. The boom is going to move and since it is out there a ways on that long moment arm, it is going to move a lot. When it comes to the end of it's movement, that load is going to decelerate and pull some "G"s. When it does, you are going to have a whole lot more load applied to the structure and hydraulics than you lifted off the ground while setting still.
My .02