No the yokes are different,   Have to use the original that was a u shaped sheet iron cover over the top and sides.  The hanger mast pivots back and forth and the long middle shaft telescopes. 

 The bushings in the flywheel being worn have more to do with shear than overload of the machine. 

 The slip clutch is mainly for  the pickup,  the overriding clutch in the main drive line is to let the baler coast when the tractor is not powering the baler.   There are 2 spring loaded dogs in it and usually 1 will break and wear the teeth out of the hub.  The hanger bearing  just behind it will overheat,  there is a zerk and a bushings in it. 

  One hint,  loose hay fines will build up in the lower corners of the bale case, and make tying a pure pain.

   Keep us up on the old deere