That's actually a fairly easy swap, modify the frame rails and flywheel and fab the adapter for the flywheel and it's a pretty much all Deere parts swap drop in. I would keep the 3020 center section. Been there done it, runs really good, would like to get time to dyno it.
Lee Little, have no fear your pump most certainly has a governor, but it is know as an automotive or min-max governor, which means it will maintain idle and max speed, in between its all up to the driver. You would be happier with a variable speed governor on your pump, good pump shop can fix you right up. The rotary pump used on early dodge pickups had a variable speed governor, but swapping one involves swapping the front cover and is not worth the work.
My choice for an engine swap on a small IH would be a DT360 out of a bus. Use the right adapter plates and frame rails and it's a drop in swap. Literally the same bore stroke as a 5.9 Cummins, same bore centers even, in fact if you need a turbo manifold it's easy to modify one off a Cummins to fit the DT360, medium duty or 2003 to 2007 dodge pickups flipped upside down and a spacer built will keep the turbo nicely under the hood.
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Today's Featured Article - Chores - by Frank Young. The ceaseless passing of time! It is at once our friend and our enemy. It measures our progress and it makes us old. Like most features of our life, few things are all good or all bad, and most such judgments depend on our own perspective or viewpoint. In our particular hobby, we enjoy the nostalgic return to the days of our youth as we recreate many of the scenes that took place on the family farm that served as the stage for the first few acts of the play that is our live
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