Thanks SouNdguy. Saw that pic in the manual but still couldn't tell. Straightened it and put it back in. Filled oil to just below PTO with side cover off. No leak coming from the relief valve. No obvious leak from the stand pipe. Didn't see any around the gasket areas. No drips from the ram cylinder. Some "tiny bubbles" coming up from the pump area. The rebuild kit is on the way from Just8ns.
The previous photo of the control valve and its bent internal shaft aren't a problem. I finally figured out that the oil doesn't flow through the hole in the valve. The valve side blocks holes in the pump that are perpendicular to the valve. When the control arm (fork) is all the way forward, the intake ports are exposed (OPEN) at the tapered end of the control valve. When the valve is part way out of the pump to the rear (NUETRAL), both the intake and exhaust ports are both blocked (CLOSED) . When the valve is pulled more to the rear of the pump (and tractor), the two small exhaust ports (further forward of the intake ports inside the pump) are exposed (OPEN) to the control valve taper on that end. When the control arm (fork) is bent to the rear, as my was, the valve can't be moved forward enough to open the intake port.
Since my lift will hold up after manually lifting it (and the lever in the up position), it seems to indicate that the RAM cylinder is good. But since the hydraulics won't lift anything heavy, and it doesn't have obvious leaks elsewhere, it seems to indicate that the pump needs rebuilding. We'll see...
Also, finally figured out how to search the 'N' archives at yesterdays tractors. Wow, there is a lot to read on hydraulics. Found the one by SouNdguy, pushing in the clutch and turning the PTO shaft by hand to manually operate the pump and lift - engine not required. NEAT TRICK. I tried that and my lift didn't go up.
[Since the archives are alphabetical, I found 'hydraulics' around page 760, just entered '760' in the URL -
http://www.ytmag.com/nboard/messages/archive760.htm] (location on 19MAR2012)
Cleon