Same here, we all impose some sort of budget on things like this, whether out of necessity or general frugality.
I used two cheap hardware store mauls, both of which I inherited with broken handles and re-handled myself, until my shoulders couldn't take it anymore. Then I started augmenting my hand splitting with a once-yearly rented splitter, the fast-cycle 19 ton Iron and Oak I mentioned above (3.5" cylinder on a 16 GPM... that thing moved!). I eventually broke down, both literally and figuratively, and bought my own splitter after about three years of that routine. It was a slow (but inexpensive and reliable) Huskee 22 ton, based on the recommendations of several older forum members.
This summer, I decided it was finally time to upgrade it. I spent more on the new vertical shaft engine than I'd have liked, but now I have the fastest 22-ton Huskee on the block, and for a heck of a lot less than what you probably spent on that 37 ton splitter!
I'm sure there are folks who need the extra capacity of a 37 ton machine, but not me. If there's a log out there that my 22-ton splitter can't get thru, it must be such a gnarly twisted mess of a round that I'd not want it in my wood stacks, anyway. I'd rather put those HP and GPM upgrades towards speed than extra unnecessary tonnage, any day!
What's the pump size on your new 37 ton rig? If 16 GPM, I'd be looking to swap the 4" cylinder off the old 22 ton splitter onto the new 37 ton machine, that would be nice! If it's 22 GPM, you could order a custom 4" cylinder with larger ports, and have us all beat!