You shouldn't have to worry about running your system dry. Once the loader is hooked up and as you cycle it all you do is add more fluid, but don't overfill it! Once the lines and cylinders are filled you'll be ok. The reserve amount of fluid in your tractor's system should be enough to keep up with the pump and loader demands, you can check your manual to see what is the actual reserve amount. The pump can only move so much fluid(GPM) so that doesn't change by adding a hydraulic attachment. The reason they add a resivor and pump is to improve performance, i.e. working pressure and speed(GPM). Your system hydraulics will just operate the loader slower and with less power than an exteranl pump(privided it exceeds the rating of your system pump). Lets say your system pump has 1.5 GPM @ 900 psi, that will work fine for lighter loads with a slower speed, but add a pump that has say 5.5 GPM @ 2200 psi and now you need enough reserve to keep up with the 5.5 GPM, hence the need for a larger reserve tank. But now you add the cost of a pump and a control valve. The 507 will work just fine on your machine and cost a lot less, it just looks kind of wierd. It works on the same principle as a back hoe which is a one arm loader. The one arm is stronger than the loads imposed on the bucket. You have half the hydraulics which is the most expensive part of the loader assembly. So you mentioned cost as being a factor which would make the 507 attractive. 507 or 907, which ever one fits your budget and needs.
As far as adding a secondary reserve tank I think that could be hard. I'm not exactly sure about the 318, but most smaller garden tractors use the charge pump on the hydrostatic unit to operate auxilary hyrdaulic implements. This is "hard" attached to the unit and has no external lines, the source and return lines are passages in the housing. The only possibility would be to replace the drain plug with an elbow that has a line to the other tank. I just don't know where the drain plug is on your machine. At least that is one possibility for you to try.