50 years or so ago the tech was not around or affordable to develop a system that would operate ar 5000psi and hold together....
Okay, so fast-forward to a couple of years ago when we were having the discussion. The guy designing /building prototypes was unable to achieve the huge gains he thought possible. Why? He was using currently available components, and was attempting to take advantage of the fuel efficiency of small diesels in a vehicle application. He'd done the "engine math" and thought that's all there was to it basically. All he had to do, was come up with a CVT to take advantage of the engine's power and efficiency by allowing the engine to stay at or near his rpm target as much as possible.
The engine lived up to its efficiency expectation, but those gains were lost due to the losses of the pumps and motors. The most modern hydrostatic components are more efficient than their counterparts from a few years ago, but what about cost?
Not "against" hydrostatic power transmission, nor am I unfamiliar with it. We have about 90 boom lifts and 30 rough terrain scissor lifts in the fleet with variable displacement pumps driving hydraulic motors. There are also 10 full-size and mini skid steers as well. The hydrostatic propulsion is user friendly and relatively trouble free, BUT....the prime mover under the hood typically carries a rating of 15-20% more than it would have to if it weren't for losses.
15 years ago before I started doing this I used to believe they were unreliable but when a stat system is set up correctly and filtered with good oil they will last a LONG time. Improper repair and not knowing the systems have give Hydrostats a bad rep
I've never thought they were unreliable, (and I'm about 25 years into it

), I'm just realistic about expectations and results. If I view a manufacturer's spec sheets for components I'm considering using for a project and I see that a given pump, (for example), is 90% efficient, AND the motor I'm going to drive with it is also 90% efficient, then those losses need to be totaled up and taken into consideration. For one application, it may not matter....for another it might.
There may very well be uber-efficient systems available now or in the very near future. But how common are they, or will they be....unless the higher cost is offset enough by the increase in efficiency that the expense is justified?
To quote your saying, uhm no. Old 10-12 hp tractors could pull one bottom because they were heavy and therefore could develop adequate drawbar pull to pull a plow.
It's not just a "weight thing". There are also plenty of clips with walk-behind tractors plowing for us to enjoy. Look at some of the old David Bradleys, or Simplicities, or Graveleys. (There are many other brands as well.)
Here's an old Simplicity, with something like 7 hp. Watch it work with the engine running at a lower-than-the-rated-hp rpm. Now imagine this same machine, pulling this same load....via a hydrostat. This old belt-drive/gear-drive combination is just more efficient at transferring the engine power to the work that needs to be done:
Simplicity VB Garden Tractor Plowing & Disking - YouTube
Two-wheel tractors like the one in the video aren't nearly as popular as they used to be, but they are still available from companies like BCS. The method of choice for getting the power to the ground is still gear drive. Simply stated, hydrostatic components are readily available, but in order to net the same amount of work output, they'd have to drop on a 10 hp engine instead of an 8 hp if they went with a hydrostat....