On my tractor when the FEL is in floating mode and I turn the wheels fully in one direction, the boom arms are lifting. But it come down as soon as I take my hands off the steering and the boom valve still in floating.
Did you take apart end clean the pressure regulator on the FEL valve, maybe something under the seat?
Did the boom valve section is really in neutral or partly open due to loose, worn or brocken parts in valve end cap?
Now I am going brainstorming. If the IN and OUT of oil flow are mixed, what will be the effect?
Was that FEL ever worked? If yes, what had changed? Slowly or suddently different?
Jacques