</font><font color="blue" class="small">( I checked the manual specifically for when I need to replace my front axle fluid, and its says 300 hours is the first time you change it. Looking at the fluid itself (I did manage to get some on the dipstick when I parked it, and then rechecked it), it looks about as clear as can be, so I can't see why I'd want to change it sooner. )</font>
Proudest,
You would want to change the oil to get out any debris from the casting process, the machining process, the assembly process and the small wear particles that very rapidly form when helical gears are running in together. Those things are not going to be visible at the top of the fluid column. They are heavier than oil and as you know, will sink to the bottom.
It's your tractor and following the Kubota directions is fine. My personal opinion is that the fluids should all be changed after 10 hours of operation, then following the book. I have done this in the past and will continue doing it in the future, especially after seeing the loads of "stuff" that comes out. Overkill? Not needed? A waste of time and fluid? Maybe, but it makes me happy. Your results may vary.
jb