Tom, the chisel I have is a six bottom and I pull it with a Ford 3000 (about 45 HP). My soil is sandy loam and not very hard and I don't put it in the ground more than six or seven inches and I have to pull it in third or forth on a SOS. I really use it as a renovator and not as a sub-soiler since I don't have a lot of top soil.
On mine and I think maybe yours, there is a shear bolt on the shank that breaks if you hit something. Find you a good welding shop that can do hardfacing or maybe you can do it yourself because you will have to replace the hardfacing about every 50 acres or so, or maybe even have to replace the shank(s).
That connection on the top looks a little funny for a 3-point hook up. You will need to use a top link of some sort for adjustment purposes. Other wise the chisel will be skipping out of the ground and not penetrate.
Good luck