Yep, everything's more efficient at 540 PTO RPM. Don't wanna lose none o' that efficiency, no sir. Everbody knows that.
Even rocks. They can sure do an efficient job of trashing your mower blades at 540 or banging heck out of your tiller. Hidden iron pipes and old fence posts know it. So do old stumps hidden in the grass and that overgrown coil of barbed wire and that log chain that fell off the wagon last year. Yep, the results are in. 540 PTO RPM is the absolute best.
But I've never been willing to push MY equipment that hard. When running PTO driven equipment, I'm typically anywhere from 10 to 25% below 540. On a tractor that delivers 540 @ 2600 engine RPM, that's anywhere from 1950 to 2350 RPM. I pick the lowest RPM that gets the job done without causing the engine or drive train to labor. You develop an ear for it. It just sounds like its running easy. And your mind will run easier too; knowing that those blade tips and tines are traveling at 10 to 25% below rated speed....and packing anywhere from 81% to 56% of the rated kinetic energy when they smack something you didn't know about.
Of course this is the old farmer's approach to setting RPM, cuz way back when, the old Johnny Poppers and Farmalls didn't have tachometers.
But if you're mowing, tilling or whatever in an area that has absolutely NO surprises, then have at it. Let 'er rip. You'll get the efficiency you paid for with no additional costs.
Same thing for loader work. When running at rated RPM, the loader can react scary fast due to the high flow rate of the hydraulic pump. When I'm in a tight area or maybe not so sure of what I'm doing, I throttle waaay back...sometimes right back to idle. I don't want or need the sudden moves. I'd rather have a little time to analyze the results of my inputs before continuing. I'd also rather not do $200 worth of damage trying to do $50 worth of good.
But if you know exactly what you're doing and how your machine and your load will react, then run at rated RPM. You might finish your work a few minutes earlier.
People on this site obsess about the ROPS and the seatbelt...THINGS THAT WOULD NEVER BE NEEDED...if they slowed down a bit and were careful to avoid getting into trouble to begin with.
The Throttle is a safety device too. There are an infinite number of RPM settings between idle and rated. You paid for them. Pick the one most appropriate for the work at hand and live long and prosper.
FWIW
Bob