12 volt system will be made from the most common components all around. 24 volt everything will be more expensive except battery cables. When you need to boost the battery, charge the batteries etc, the advantage goes to the 12 again unless you have a 24 volt charger or other vehicle you can use. 12 volt negative ground has become the standard automotive system.
We have an (originally) 24 volt JD 4020 which was always the best cranking thing on the place. The starter went bad and I was able to get a NOS 12 volt replacement for a good price at the local dealership, so with some misgivings, I converted the tractor. Still is the best cranking tractor on the place. In other words, the difference was the tractor, not the system voltage. Now if I need to use booster cables or a battery charger on it, it's simple. Alternators are an off the shelf item at any autoparts, etc. Also, our JD dealer stocks a 12 volt starter if I ever need one.
Look at the clutch housing below the pony pinion/clutch unit and see if you have a 3 bolt cover there or just a flat boss cast into the housing. If the hole is there, it will be the right size, you will just need to get a starter with the correct direction of rotation and helical cut gear starter drive. Then install the nose to index the solenoid so it doesn't interfere with shields, pony pinion etc.
OM has a page with lots of information on conversion.
http://img400.imageshack.us/gal.php?g=header4oq.jpg
Lots of discussion on the sticky thread at the top of this board
http://www.acmocbb.org/ACMOC_BB/showthread.php?t=844&page=5
D2-5J's, D6-9U's, D318 and D333 power units, 12E-99E grader, 922B & 944A wheel loaders, D330C generator set, DW20 water tanker and a bunch of Jersey cows to take care of in my spare time😄