The lever on the left side of the steering wheel controls the volume of oil flow to the hydraulic drive motor. How well that works is dependant upon many factors.
- the wrong oil may be in the system
- the mechanical linkage between your hand and the travel valve that controls the oil flow may have a lot of wear
- the hydraulic pump may be badly worn.
- perhaps it's a combination of all of the above.
The last 400 Series tractor was made during the 1988 model year. Many of these machines are now owned by people who don't maintain them or repair them. They just use them until problems begin to surface and then they sell them.
Like all things "used", you should expect that there are issues that need to be addressed. You will have to spend a bit of money along with your own time to correct the wear and the dumb-*** mistakes but all of the problems are minor and fairly simple to take care of.
The big issue is "PRICE".
What matters here is the overall condition of the tractor, the options it may have and the attachments that are part of the package. Condition of the engine is also important, especially on an Onan-powered machine because of the cost of rebuilding that brand compared to one with a Kohler.
Since you are currently looking, you should try out a few other Case or Ingersoll tractors so that you can make comparisons in how they drive to this one. The Hydriv system is somewhat different to the feel of a hydrostatic drive machine but they both provide infinite ground speed when they are working properly.