It is almost certain that it is a case drain. That case drain is used to lubricate the motor, and help take some of the heat from the hyd wheel motor.
There is probably a tee fitting that collects all the case drains and eventually routes them to the cooler, then tank.
On my earlier 90's 1445, the case drains collect into a manifold and goes to the case of the VSP pump, and then to the cooler and then to the reservoir/tank.
Some hyd wheel motors may also have another hyd hose used to release the spring applied brakes.
Did you actually follow the hose from start to finish, or did it disappear under the engine and appear at the other wheel motor?
Can you get a small camera up under the engine and take some pictures?