This is not an answer to the questions but some general comments. One should be aware that the relation between vector fields and Hasse derivations in characteristic $p$ is not at all analogous to the characteristic $0$. It is true that a Hasse derivation in all characteristics is the same thing as an acction of the formal additive group. The difference is whereas in characteristic $0$ the formal additive group is the only $1$-dimensional formal group whereas in positive characteristic there are more, for instance the formal multiplicative group. In positive characteristic the derivation part of a Hasse derivation corresponds to an action of the group scheme that is the kernel of the Frobenius map which is $\alpha_p$. Again there are several group schemes of order $p$ (such as $\mu_p$ which is the kernel of Frobenius on the formal multiplicative group). On the vector field side there thus is a first obstruction on the vector field itself, that it should give rise to an $\alpha_p$-action. Concretely that means that the $p$-th power of the derivation should be $0$.
Note that that means that there may not even be a vector field to start with even though there might be many vector fields on $M$ there may not be any with that property (for instance a smooth proper toric variety with no automorphisms outside of the torus).
In any case if one wants an obstruction theory one should note that given $D_1$, $D_n$ for $n=1,\ldots,p-1$ is just $D_1^n$ so the first undetermined one would be $D_p$. If one has local liftings one should compare two such liftings $D_p$ and $D'_p$ and it follows that their difference $D'_p-D_p$ is a derivation and one gets a torsor of the tangent sheaf as a first obstruction. Unfortonately if $D$ is a derivation $D'_p=D_p+D$ may not fulfil the further condition for being a part of a Hasse derivation namely that its $p$'th power should be zero. One can expand its $p$'th power using the Jacobson formula but it leads to a (seemingly) nasty non-linear problem. Anyway if solvable one can continuer with $D_{2p}$$D_{p^2}$ which would be the next undetermined term and continue in the same manner but it looks like a nightmare (the fact that I don't think that local liftings may exist makes it even less palatable).
However, it is clear that you do not have unique extensions: Take some $M$ on which an action of $\hat G_a\times \hat G_a$ is given. Then the actions of $\hat G_a$ given by the inclusions $t\mapsto (t,0)$ and $t\mapsto (t,t^p)$ have the same first order action.
Addendum: I think that all in all Hasse-Schmidt derivations are better than Hasse derivations (recall that a Hasse-Schmidt derivation is just a map $D_\infty\times M\to M$, i.e., not necessarily a formal group action). There the liftings of an order $n$ HS-derivation to order $n+1$ is just a pseudo-torsor over the tangent sheaf with local liftings existing so that the obstruction for extension is just an $H^1$. Of course you will have many more of them but as you don't have uniqueness for lifting vector fields to Hasse derivations anyway it seems to matter less.