That is the thing about the older stuff. If you are handy with a wrench and don't mind doing it, they can be economical. But if a person has to depend on $100 per hour shop rates and is limited on time and wants the tractor to go when needed, new starts looking more attractive.
On another note, I have seen where people were trying to dig a very small pond with a front end loader. If I was using a small tractor to move much dirt, I would have one of those scoops on the rear and a bucket on the front. Move twice the dirt every go-round. Load the rear scoop for weight on back, then load the loader bucket full.