howdy all, back from my fact finding mission and few good tid bits to share.
JC, what a mess! If you find out it was only the gage reading wrong, you are gonna feel like using that gage for target practice. You've suffered way too much grief over this for it to be a faulty gage
Well, Jim was right but as things in life are not always black and white. These are my finding before we put this dead horse to his final resting place.

1) performed go-no go test and as I suspected and Soundguy corroborated it the lift arms promptly dropped. The diagrams I posted and in the manual are perfectly good and represent the design. There was no additional check valve of any sort between the spool and the the piston inlet other than what shown. With lift arm position control attached the hyd popped off at around 1800-1900 psi. The manual says about 2000-2100 psi, engine hot and high rpm. My engine was not very warm and I tested it around 1500 rpm.
2)Position control feed back is absolute essential piece of information here. With it removed I achieved a bit higher than 1900 before it popped off.
3) with position control put back in , 300 lbs scoop up in the air and The gage read about 200-300 psi as was expected with engine running or off.
The gage measured the pressure caused by hanging implement against closed spool port. I increased weight on the scoop by standing on it and the static pressure went up which is perfectly logical.
What was interesting and also previously known was the key "neutral position" of the spool valve factor. Raising the implement few inches up and down made almost no fluctuation in the pressure reading , in other words the pressure was the function of the weigh being raised. Feed back arm very very quickly moved the spool to by pass. conversely, with the feed back arm removed as I lowered and raise the lift system the gage always showed around 1600-1700 psi without any by pass, unless I raised it so much where it started to pop off.
Problem solved OR "THERE NEVER WAS A PROBLEM". I did not fiddle with adjustment as I did not think it'll buy me anything at all specially WHEN it was not even needed.
Finally, my 3 point design is exactly the same with many of the NH TC model tractors. The casting may be a bit different but lift cover, cylinder, piston, piston head and it's associated rate of drop , check valve and etc are the same and well designed, much better than JD, or Kubota with the exception of Kubnota grand L's with external tandem lift cylinder. This thread should have some universal use for NH owners.
JC,

don't go away now!
With all of that said after I put every thing back and the scoop in the air I
read zero pressure again.



Why?? This one is a puzzler, can anyone tell me why... The reason is a valid one and noteworthy.
Any one wanting to take a crack at it.?

Hey Larry, You're welcome. I do enjoy trouble shooting and your points were well taken.