Welcome to OCC!
I can tell you, a restore or "Face lift" will get expensive. Because there is always something that pops up that you're not expecting, and that cost more money.
It is very satisfying when you're done, to use a new piece of old equipment. Is it worth all the work to make it like new, (or close)? You bet it is. Especially when you put it to work for the first time, as in my case just like back in 1964 with a few mods to make it more, me friendly. And it's basically a new tractor that will outlast anything off the showroom floor built today.
How do I know?
http://www.onlycubcadets.net/forum/s...ad.php?t=13735