Reply to SJ:
If the complete clutch parts of the master clutch is removed down to the flywheel there is no reason why you can,t run it.I have ran dozens of them on the dyno and you have nothing hooked up except the shaft to the dyno but that wouldn,t mean any thing if it wasn,t hooked up to the dyno.
abram - There's no reason why you can't run the engine out of the tractor chassis - but make sure it's properly held down or anchored in some manner, so that it doesn't fall off the supports you have under it, or fall over.
I'd be fabricating some engine supports welded to a length of steel, back and front, and bolting the engine into it.
I ran up an automotive 6 cyl Perkins Turbo Phaser, sitting on a stand-alone basis, late last year, and I had a little trouble starting it, because I forgot about the need to electrically energise the fuel shutoff.
When I cranked it after energising the solenoid, it started and roared into life so fast, it amazed me. An engine in good shape will fire up instantly, within a couple of revolutions. Make sure your exhaust fumes are properly vented, and don't gas yourself.