Here's my thought. I'm in the same boat as you, but still a little different. I've got a 1650 with a 14 hp engine. If it came from the factory, it would be a 1450. I've got a 109 am going to drop in a 14 hp engine, from the factory, less the hydro lift, it would be a 149. I've got other color tractors with similar issues.
I'm also in search of the (for me) the perfect garden tractor, with the right combo of features. For example, a IHCC 1000 or 1200 with a 16hp engine. Or a 108 or 128 with a 14 or 16 hp engine.
What I go by (again for me) is the serial tag. I believe within it, the tractor model is identified. So your serial tag, I believe on the 123 is on the tranny housing at the rear vs the frame. IMHO, you will ALWAYS have your Dad's tractor if you have the original serial tags. Everything else changed out is just a part, be it a frame or spark plug.
Sooooo - change out the frame if that's what you want - it's still your Dad's tractor!!!
Good luck,
Bill
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IH Cub Cadet 109
IH Cub Cadet 126 (2)
IH Cub Cadet 149
IH Cub Cadet 1650
MTD Cub Cadet LTX1042
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