Glad to hear you got it working. FYI the down flow valve controlled by the knob should open up enough to let the arms drop faster than they go up with no weight on them. Make sure you get it opened up all the way for full flow. It is possible that there is some debris blocking the return channel somewhere in the system. Fluid temperature affects viscosity which affects flow rate. Perhaps it will flush itself out with use.
I have never heard of a hydraulic disconnect. On my tractor the pump is attached to the engine at the front gear cover. The system was designed for power steering and 3point but adding an FEL really taxes the capacity of the under the seat tank. So much so that with the 3point raised and pushing uphill with the loader, I often have the suction line get uncovered and start sucking air. I have contemplated rigging up a new suction line so it pulls from either the front or back of the tank sort of like a flop tube for aerobatic plane fuel and oil systems. Or, plumb in an auxiliary external tank for added capacity. If you overfill the main tank, it just leaks out all the joints that were not supposed to be sealed anyway. Ask me how I know...
Where is your hydraulic pump located?
Do you have power steering?
Yep, i'm hoping it does flush out. Next time I'm moving gravel and have the oil heated up, I'll try the 3ph again and see if it loosens up.
On the hydraulic disconnect, here's what the book says about it:
9) Use of release handle of Power take-off Driving shaft:
"The release handle on the right side of the transmission should be put on the disengaged position as shown in figure 6-12 when tractor works for transportation or the working of oil gear is not needed, and at the same time the PTO shaft stops running. Thus the power consumption and the wearing of the pump will be reduced."
So, it mechanically disengages the pto in order to reduce stress on the pump, but it does not disengage the pump. Not a horrible idea, I guess, and I should probably disengage it now, since I'm not using the PTO or the 3ph. With my memory, I'll likely forget that I disengaged the damn thing, and spend 3 days trying to figure out why I can't brush hog my pasture.
My pump is mounted up front like yours, near the starter, and yes, I do have power steering.
I haven't taxed my hydraulic system much, yet, but if I do I'll likely adopt your idea of a flop tube if I have problems. That seems like an elegant solution.
Thanks again for your help!