My baler is rated at 80 strokes per minute, I usually go around 60-70.. it's got it's own engine with no tach, so it's by feel.. in light crops I might slow it down a little, but in heavy crops it's easier on it if it takes smaller bites a little faster.
most things that cut rely on speed, so discbines need to be run at least close to rated speed, they also make a better windrow if they throw the hay fast.. combines are CRITICAL to run at the right speed, things like rakes, etc I can perfectly see running them slow.
I really wish I had an 'economy' pto on both of my tractors, especially since they have too wide a gear spacing. the IH684 now has bale wagon duty, and I increased the chain drive sprocket to get some better speed out of it.. before it just felt like it was WAY too slow, and I'd have to rev the pizz out of it to get anything happening.
I had a goal this year to cut my entire first cut on 1 tank of fuel.. I did it, but I wouldn't have done another acre.. it was running on fumes... it was about 25ish acres and it was the MF165.. I'll be able to tell you how many total bales in a couple days.. 600 so far and I'm not half way baled. The baler has been doing much better with the rebuilt engine.. 5 gallons pretty much did 650 bales. New carb that I can fine tune goes a long way for that!