This thread has some factual info, a bunch of hysteria and some nonsense.
Yes, you should try to pull from the fixed belly mounted drawbar most of the time,
that is your most stable pulling point. Can you use a 3 point drawbar? Certainly
they have been used many times, can they be more hazardous? Most certainly.
Any tractor can and will rear up in the air under certain conditions,
1) good traction
2) a hard pulling load
If the pulled load exceeds your tractors pulling capacity but you have traction and power your tractor will rotate the front up,
an unmoveable load with enough traction and enough gearing will lift any tractors front end. Usually traction is lost and the tractor will spin out and stop lifting the front end.
One problem with pulling from 3points is that there is no upward travel stops, under hard pulls when the front starts to lift which it will because you can pull harder with the higher hitch once rotation starts the 3 point hitch will abruptly jump allowing rapid rotation and rear over turning.
When any heavy pulling is done using the lift arms there should be a travel limiter used to prevent the lift arms from uncontrollable lifting.
A chain down to the fixed drawbar or solid limiters from the top link attaching pin point on the tractor.