Jerry/MT ,
oldnslo, and
J_J,
OK, lets address these.
First
Jerry/MT, my tractor draft control has no effect on raising or lowering the rear lift. I thought trhat it wouldn't, but went out and tried it anyway. With lift control lever in full down, draft control lever has no effect whatsoever.
As far as how much trouble its going to be, I would agree if it was like some have decribed on the site, such as a correction every minute or two. But mine is like
2 or 3 times a second. If I am transporting my brush hog down the road to my field, and have my front bucket on, the bucket is even popping from the rear lift rapidly correcting. Its really annoying.
Second
J_J, I have previously tried the knob, full out, and full in, and everything in between. No real change.
Third
oldnslo, I am tending to agree with you. Mostly because there is a change in the rear lift correcting if using the loader slightly. It seems to me that if it was just the piston in the lift letting fluid pass by, causing the lift position to activate and correct, that using the loader and creating less pressure would serve to cause the lift position to correct more rapidly because the downward load on the lift is constant, and with less pressure to keep the hydraulic piston extended, it seems it should try and correct more often. But instead its the opposite, which leads me to suspect something else, such as the control valve body or a pressure relief valve.
And that gets me back to my original question. Of what exactly the various valves are designed to do.
A couple more questions, if I may. When not using the lift or loader, what serves as a pressure relief valve in the hydraulic system? Is there something in the pump itself?
And I know this will make all of you snicker.

How does the rear lift know its went down a little for the lift position to sense a change and correct it? Is there some sort of sensing device, either mechanical or electrical that senses this change? I'm just not visualizing how this can sense a change in load height.
No matter what , thanks for all the input. Believe, it helps.