</font><font color="blue" class="small">( I said, seek professional advice from a skilled mechanic at the dealer. )</font>
You did say that, and it is good advise. I have 10 years experience as a New Holland service tech.
The post I read had no info on the number of hours on the tractor, or whether it has any repair history.
Head gaskets can and do fail, some applications more than others, and not always at the fault of the gasket.
I am going to make two assumptions about the 1050 from memory. One, main bearing R&R requires removing the engine from the tractor, as at least two mains are one-piece bearings.
Two, the 1050 has a wet-sleeve engine.
"Here" it is not commonly accepted practice to go through the effort to hone and re-ring any sleeved diesel engine while reusing the pistons. One can get away with that program on a gas engine. It is far too difficult to do this and achieve the high compression numbers needed for a good running Diesel. Worn rings probably mean worn ring grooves in the pistons which will not give a good compression seal even with new rings. Honing means a bore that is probably out of spec, which will require oversize rings at a minimum. If available, oversize rings on stock size pistons are a Band-Aid at best. If this tractor seemed to run well enough to buy, it is most likely running well enough to chance pulling the head, check it for trueness, check the sleeves for proper protrusion, and install a new head gasket using proper methods. If that doesn't work, pull the motor and go through it top to bottom, or sell it and move on. My opinion only, worth what the reader pays.