Well, I just came across this post on TBN.
http://www.tractorbynet.com/forums/kubota-buying-pricing/62842-horsepower-loss-vs-elevation.html
It looks like I'll be losing about 4.5 HP because of my altitude, which will give me slightly less HP than the 422 model. The above link doesn't really address hydraulics so I don't know how the reduced HP will effect the GPM, pressure and overall performance of the hydraulic system - which is what the PT's are all about.
IIRC, the main difference between the 425 and the 422 is greater FEL lift, HP and length, ROPS and independent wheel motors. Seems like the independent wheel motors would put more demand on the hydraulics. I also don't know if they use the same hydraulic pumps.
Paying for a 425 and getting the performance of a 422 is not attractive. Does anyone here use a PT 425 close to my altitude - 5740'?