Thumbanger has it right, he is talking about the same belt pulley that you are actually.
You dont need to add oil to this unless you remove it from the tractor, since oil will climb the gears from the transmission. Otherwise you would remove that fill plug and add a pint (I think) of oil. I can go get my manual and check if you need it. But you shouldnt need to add anything there unless you have removed that entire assembly.
For the lift-all, you can use straight 30 weight motor oil, or hy-tran, or universal tractor fluid. You can use any of them if you just want oil in there so the pump doesnt go bad. However, if you are actually using it on any implements, you might want to think about what oil is in those lines and cylinders, since it will all mix. I run some hydraulic fluid I got from Tractor Supply in all of mine (One M, two Hs) and have had good luck with it so far.
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