Like California, I have a 186D (The US market version of the 1510D) and a YM240/2000. Again, the US vs the Japanese versions of the same tractor. I also have an IH 284, which is basically a 25 year newer version of the 8N; the numbers are about the same in performance, though the Ford is heavier. Everything he said is true. The 1510 is not going to replace the capabilities of your 8N. I've tried the same implements, in the same field, behind these different tractors. When it comes to pulling a disk, scraper, plow, or other device that engages the ground, weight is crucial. Once the machine weighs enough to pull the implement, one needs sufficient horsepower and correct gearing to establish a proper speed. The 1510/186 simply cannot perform like the bigger 284/8N will in those tasks.
There is simply too much difference in size, weight, and horsepower for the 1510 to be an adequate substitute for your Ford, unless you really are only using the thing to smooth gravel, auger post holes, and pull a mower. The mower situation is resolvable, if you are willing to downsize the cutter a foot or so. If your lot is flat, though, and the cutting is light, you might be able to get away with it. Smoothing gravel is much different than trying to scrape up and rip the soil, so you may be ok there, too. The auger requires almost no horsepower at all, and the biggest problem will be if you can reverse the pins on it so the lift arms will fit, and if the auger bit is short enough that the little Yanmar can lift it clear of the ground.
Just to be clear, the 1510 is NOT close in horsepower to the 8N. The Ford is significantly more powerful, and even though it is gasoline powered, the horsepower rating is similar in process and veracity to the 1510's. The 8N puts out 25-odd horsepower through a belt, while the 1510 is 15 hp through the PTO shaft.
I'm not trying to be discouraging or shoot down your ideas. I really like the little Japanese diesel tractors of the late 1970s/early 80s (as a look around my yard will attest) but you're comparing wrenches to screwdrivers. The 1510 would make a handy little tractor for the chores you're mentioning, but the small size and other traits that make it nice for one thing inhibit it when lifting an auger clear of the ground, running a big mower, and so forth. Similarly, the 8N does a nice job of running a mower, disk, cultivator, scraper, and similar things. They don't make very good loader or tilling tractors relative to some other choices.
Generally speaking, small tractors will do the same things large tractors will, just more slowly. So, you can probably get away with it if you're careful and willing to make some changes to your equipment list, if necessary.
As MJPeterson said, the fuel economy on these is really good, too: You'll probably see 40% reductions in the volume of fuel you burn per hour, if not more.