At work we put Deere engines in wheel loaders.
The 4045 TIER 3 is a 2 valve per cylinder engine, putting out 140hp at 2400rpm. Thats all for the 4045HF285, the 4045HF485 with 4 valves per cylinder goes to 175hp.
However there is one issue: the 140hp rating is already the highest "continuous duty" rating for this engine, the 156hp rating is an intermittent rating, only allowed to put out 135hp continuous.
To have this engine last in a forestry mulcher, you definately want an engine with a continous duty rating or the lifetime reduction will bite you in the back.
When tuning the TIER 2 engine, you could achieve a major saving in fuel consumption: The TIER 3A has EGR to control emissions, the TIER2 had a very late injection timing to control the exhaust temperatures (and therewith the NoX emission) which made this engine pretty powerless and a fuel hog. the TIER3A version is quite an improvement: The same improvement could be achieved by using an aftermarket ECU mapping, most of these engine tuners have cured this timing issue, meaning a bit more NoX emission but a 15% fuel saving and a more responsive engine.
The standard turbo of the 4045HF285 isnt capable of producing more hp because of the parasitic load of the EGR system. With the TIER 2 version i could only see improvements.
Swapping another motor in it: the Cummins QSB5.9 has a continuous rating up to 160hp somewhere, but at 190hp they didnt last 8000 hours. The JD 4045 has the same wet weight as the Cummins 5.9 because the JD is an non-road engine only, where the Cummins is also used on-road. The weight does bring the lifetime...