My splitter (home-made) has a 6 hp engine, a commercial 2-stage pump and auto-centering 4-way valve. It has a 1.5 gallon reservoir and works great. The small reservoir works because the return line from the 4-way valve goes straight to the inlet side of the pump, with a tee in the line, and the reservoir mounted above the tee. This way the only flow into and out of the reservoir is the net displacement of the cylinder rod - only about 20% of the total flow. On the return stroke the extra oil goes into the reservoir, on the extend stroke the extra is pulled from the reservoir. I don't know why more splitters are not made this way. There is very little hydraulic line loss because the return piping from the valve to pump can be large and short. The small flow in and out of the reservoir spreads out the heat evenly. There is less plumbing, the unit is neat and compact, and has worked like a charm for many years.
BTW, you can figure the output of your pump by measuring the size of the cylinder and the no-load stroke time. For example, 4" diameter is a common cylinder size. A 24" extend-stroke would use 1.3 gallons. If the stroke took 10 seconds, flow would be 6 x 1.3 or about 8 gpm.
If your pump is 2-stage, it senses back-pressure and directs the oil into its smaller 2nd-stage chamber which puts out more pressure but less volume. (just what you want when the splitting head starts into the log) When splitting pressure drops, flow is directed to the higher-volume stage to speed up the ram. Usually engine rpm will drop a bit during the changeover to the high-pressure chamber, but the governor should restore it right away.
As always, prompt cheerful refund if info is bogus or irrelevant. Take care, Dick B