If you go that route, make sure your PTO shaft has a provision that lets it spin without coming off the splined shafts. That would turn into a real destructive mess with a shaft flailing around the output shaft of the tractor. There's been occurrences like this that took out the rear housing of the tractor--Very expensive repair.
Added: Another safety device is the PTO Shield. Make sure your shield chains are secured. That helps secure the shaft should you break a U-Joint or something. you don't want the shaft to go over about a 30-degree angle.