The saw performs as advertised, it is very heavy duty and it cuts through trees with ease. Once you start to get above about 10 to 12 inches in diameter, it becomes a little more work since you may have to come at the tree from a couple of different angles to get all the way through it.
I've learned that it is best for the larger trees, to first cut the tree off about 1.5 feet or so above ground level first, then come back and cut the rest of the stump at ground level. This allows the PTO shaft to be more straight when cutting the heaviest portion of the tree. Then when you lop off the rest of the stump, you don't have the weight of the tree pushing down on the blade.
I found that I was pretty clumsy with the unit when I first started, but I've gotten pretty good at handling it since. With some finesses, you can use the grapple to push trees backwards as you cut to; A) Keep the cut open while back into it, and B), Make it fall backwards so as not to hit the tractor.
The biggest limitations that I've found are:
1) It is not always easy to use the grapple to grab and drag trees. The design of the grapple requires that there be something to grab onto at the base of the tree, other than the trunk, in order to drag it out by the base of the trunk (so that the tree is in a straight line with the tractor). So, you either need a lot of lower level branches, like with a cedar tree, or you need to come at the tree from a different angle and grab the trunk about midway so the tree is perpendicular to the tractor. This can require some maneuvering and requires extra time and effort.
I had a need to drag trees about 200 yards from the cutting site to an open field where I planned to burn. I had to go through a 15 foot gate and the only way to get the trees through was to drag them out in a straight line because the trees were too long to fit through the gate sideways (which is easiest way to grapple them). I had to rig up a chain system which allowed me to attached a looped chain to the base of the sleds on the saw, then wrap a choke chain around 1, or more tree trunks, then attach that to that loop chain, so I could drag them out to the burn pile. This allowed me to grab several large trees at one time for one trip to the pile.
2) It can be difficult to cut on a slope. I've been able to cut on terraces with a gentle slope, but an the bank of a stock pond...forget it. It all depends on the angle and where you can safely place the tractor.
3) Some trees are very difficult to back into to cut. This is mainly trees with large, low level branches which prevent the saw from reaching the tree before the branches are crushing into the tractor. I've had trees where I had to trim low level branches with the chainsaw first just to be able to reach the tree for cutting with the saw.
So, even those these limitations exist, the benefit far outweighs them, at least for me. Once I got the operation of the saw down, it was able to move through a lot of trees pretty quickly. The biggest time consumer for me was dragging trees through the small gate to the burn pile.
One technique that I use for burning is that I will start one pile up and let it start burning. I then have a separate pile of trees that I can grab one-by-one with the grapple and then place into the burn pile. Since I burn in a large open field, I can easily grab each tree about midway up the trunk, lift it, carry it to the burning pile, back up, and drop it. I can move all of the trees without ever getting off of the tractor.
Regarding the HP required to run the unit, my tractor is about 89 HP at the PTO and I'm sure glad that I have all of that power, especially when I start cutting into 10 in + trees. I think that a 40 HP tractor would do fine on smaller trees, maybe 8 in or less, but I don't know if I would want to cut much larger. The saw weighs over 800 lbs, so you would probably benefit from having a FEL or counter weights on the front of the tractor for safety.
The only trees that I have cut are Huisache and Mesquite, both of these trees are pretty dense, especially mesquite. I can't tell you how it will do on other types of trees.
Hope this helps.
Christopher