Crank, I like where you are going with this build. After reading all the input you are receiving I have a couple of comments. The more you add to the drive line the less your build will look like a tractor and more like a Top Fuel Rail but with the addition of a front end loader your longer frame would have less need for a large rear counter weight. Another option on the drive train would be sprockets and chains, we used them a lot back in the day building race Jeeps some guys did not even use a transfer cases, and gearing is almost unlimited. A spool in the rear diff will make it very hard to turn and cause some damage to the ground surface, a good posi unit may be a better choice. As far as hydraulics my belt driven log splitter has a 16 gpm pump and my tractor only has a output of around 5-6 gpm so you should have no problem getting enough flow running a pump off of the front belts on you engine. Great build, and I am looking forward to more pictures.
Scott