They say that hindsight is 20/20. I see now that I should have stopped worrying about emissions and I should have bought the right power level to begin with. Now I'm facing two choices: Keep my tractor and just get used to working slow, or take a $1,500 immediate loss plus the additional cost of the new tractor to trade it back in for more horsepower. Sigh.... What really gets me is that this tractor makes 17 PTO horsepower which I believe is the lowest in the entire class of tractors in this size. In the future I want to run a 72" mower and I don't know if that would even work, especially climbing these hills we have.
With that tidbit of info, I can comfortably say this isn't about hydro vs. shuttle shift.
You need the 40hp machine for your intended use. A mower that size will tip the scales at 600 to 800 lbs, and need a bunch of oomph from the PTO. Pulling it uphill won't help. Depending on the hills, you might even need to be considering a frame size larger, for stability's sake.