8N John: Living in the mountains of West Virginia, we have little to no flat ground and operating a tractor on a slope can become hazardous. When the slope gets to steep, we operate in a strickly straight up and straight down direction.
With a 4-wheel drive tractor and a rotary cutter properly sized in order to limit your front end coming off the ground in case you need to picked up the cutter to apply weight to the rear tires, you can cut a 2:1 slope. The problem you will have is, your 2-wheel drive will have problems going down the hill (braking) and going back up the hill.
The main item to consider is what we call a landing zone at the bottom of the slope. This is critical, in case you cannot make it up the slope, cannot slow it down coming down and last but not least a turning area.
I agree with the rest of the post on here, if you can make it a 4:1, this will allow for easy operation and it will help support the toe of the slope and decrease your chances of slope failure/slip.