I've had no problems with mine, but then I'm still under 50 hours and don't use the three point as much now that I have the backhoe.
I would follow the linkage back and see if there are any obstructions. Does it feel like it's tighter throughout (along with the obvious bump) it's travel? It might be something as simple as a sticking oil seal back on the valve.. or just a clump of dirt or something somewhere in the way of the linkage. You may be able to see more by pulling up the seat and taking off that access panel directly underneath the seat. The lever/linkage must travel just to the side of that opening.
I have some gravel work to do soon, so I'll be putting the 3pt links back on. I'll be anxious to feel er out.