Ok guys, looks like I have a project now. I've acquired an engine and once the weather improves a bit, I'll start on it. It will probably be a couple of months before it's complete but I'll document my experience in doing so for those who would be interested.
I want to thank everyone who contributed their input.
I've attached 3 files: The specs on the donor engine, the specs on the current engine, and an image of the guinea pig tractor.
I know some of you think that this is a waste of time or effort but if it works out well, I will consider it a success. I'm actually very fond of this tractor. This being the reason I'm willing to invest the time/work into the swap. Sears does make some very inexpensive tractors, this was not one of them. This is a HST model purchased in 1998 for around $3200. It was their best at the time and is part of their Garden Tractor series with transaxle rated for ground engaging work. The mower deck is a 3 blade system and fairly heavy guage (comparatively speaking, 10 or 11 guage, I believe). Anyhow, I no longer require it to do anything but mow the field so as long as it has enough power to do that, and do it reliably, I'm happy with my time/money investment.
Mossroad: I know exactly what you mean by buying a new lawn tractor rather than dealing with the swap. But I've been there, done that. Had Murray lawn tractor, became unreliable, tired of changing batteries, tired of tires going flat, tired of rebuilding carburetor, etc. So, bought new Craftsman tractor. Old Murray still sitting in the field (10 years now). Result, new tractor needs new battery every year (fixed by modifying battery tray to accept CAR sized Optima battery), tires go flat every year and slips off rim (fixed by installing new Chev Ag type tires, much beefier and never lost a sip of air since). Now, engine is starting to require annual carb rebuilds, etc... No, I've no great desire to have another one of these in my field. When my toaster goes out, I'll toss that and buy another. But the current tractor deserves a little more patience....