Aric-
If you're going to go to all the trouble to put a johnny bucket on the front with hydraulics, you might as spend some more money and put a real loader on it. Here is a short list of things you can do with a loader that you probably can't do with that johnny bucket.
Load a pickup, pile loose material up high, lift heavy objects and carry them- I use mine to move snowmobiles, pickup canopys, big tires and other things I'd rather not carry. Spread gravel, topsoil or other material, dig small stumps, light clearing and grading, plow snow, the list can go on. If you put a loader on your 2WD 1401, you're going to want a 500 lb. or so counterweight and filled tires.
On the other hand, if you want to move material on a budget, <A target="_blank" HREF=http://www.northerntool.com/webapp/wcs/stores/servlet/LLCategoryDisplayView?storeId=6970&langId=-1&catalogId=4006970&PHOTOS=on&TEST=Y&productId=719088&categoryId=1510> click here </A> I've never used one, but a lot of guys in this forum have used pond scoops with great success, and they are cheap and easy to install, and probably perfect for you 2wd tractor. Good luck.