I'm still coming up to speed on my JD 4520 with e-Hydro. During some recent "minor" repairs, I added the advanced cruise control. Three features it had were the ability to se a maximum speed no matter how much you press the foot peddle, the ability to use a switch to say if PTO RPM are maintained under heavy load by decreasing the tractor speed (LoadMatch) and the ability to switch how responsive (fast) the hydro system is (MotionMatch).
So when I'm using the rotary cutter, I can set a maximum speed I will travel no matter how much I press the peddle and if the grass gets thick the tractor slows down to maintain RPM. If the load is light, I have the "normal" cruise control and need no foot on the pedal. When I'm cutting, I have the responsiveness set kinda "soft", so when I hit the pedal I don't get jerked forward, and when I let go things don't come to a too-quick stop. I can slow down with the pedal when the ground is rough, and then come back up to speed with the pedal all the way down (foot rests on it, not a problem of trying to hold your foot at some midpoint position).
So with the right options and all those "daemon electronics and microprocessor" you get a number of features you can use for all sorts of tasks and conditions. Yes, it cost more, there is more complexity, the efficiently is lower (slightly higher fuel costs) but for me it's worth it and most of the reasons people like gears can be met with e-hdyro and the right cruise control options. My main point here is don't confuse classic "treadle" hydro (like on my
B21 which I really like) with more recent electronic hydro control systems.
As for the gear up and throttle back to save fuel, I have the two speed PTO (called ePTO in Deere speak, yes it's confusing because the in one case the "e" is electronic, in the other it is efficiency). Not saying it's the same as what mnfarmr speaks up, just saying that concern can be somewhat addressed regarding light loads and fuel efficiency/noise.
Last gear tractors I used were 5 to 20 HP garden tractors for mowing and snow removal back in the 60's and 70's, so I have no "recent" gear experience. I also used the GE Electrac and the follow up model when Wheel Horse bought them. Gotta love DC motors for low end torque, but I digress. The tasks I do are mowing, driveway maintenance, grading and ground work (box blade). I'm not plowing large fields and I don't cut the hay on my property. In other words, farm maintenance but not farming.
As everyone else has said, try both for a while, think about what you'll be doing, get what works for you.
Pete