Gave up the idea of an automatic with a PTO.
New plan is to install a TH700-R4. The hydraulic lift will be run electrically and the winch will be electric.

Does anyone have experience mating this transmission to a 235?

Question is, will it bolt up to the '54 and after mounting plate for Hydro-matics? And is there a Hydro-Matic flywheel with a 6 volt ring gear (need to keep stomp starter) that will work?