My John Deere 425 has a Kawasaki FD620D liquid cooled V twin that ran great but used oil too. I think it's very similar to the FD750D engine. I rebuilt mine a few months ago. It had 1460 hours on it but I have no history on the tractor having just purchased it last winter. It is one of the easiest engines to rebuild that I have ever done. I found a few surprises once I had the engine apart. The most surprising thing is, there is only one bearing in the engine!! There are no rod bearings in either end of the rod. There is one main bearing, a sleeve type bearing pressed into one side of the engine case while the crank just runs in a bore on the other side!! The first time I ever saw an engine lacking bearings was when I was rebuilding the R22 engine in my Toyota pick up many years ago. It had no cam bearings, the cam just ran in the aluminum bores in the head.
To my surprise there was virtually no wear on the rods or main bearings. While I had it apart however I pressed a new bearing in the engine case. Everything was carefully measured. The crank, wrist pins, pistons, cam, valve guides and stems all measured well within spec. The valves needed ground but the seats just required lapping in.
As I said earlier, the engine is really easy to work on. Here is the crank case before I pulled the crank and cam out of it.
The culprit causing he oil consumption was excessive ring end gap.
The bore only showed .0005"-.001" of wear measured with a bore gauge. I purchased a 3" ball hone to get a nice cross hatch in the cylinder. There was a slight ridge that I had to remove with a ridge reamer, not much of one but you could feel it.
New rings, valve seals, crank seals and gaskets all the way around finished things off and now I have a great running engine.
I suggest you at least tear down the engine and measure everything before you decide to spend $2000 for a new engine. It may end up costing you only around $200 for virtually the same thing. Of course if the cylinders require boring, that along with new pistons will up the cost a bit but it is still a very inexpensive and easy engine to rebuild.