Nothing to do with draft, the 3 point position control maintains the hitch in position. It drops because of leakage in the lift piston and the position control valve just returns it to where it is set to.
Most older tractors have a little to a lot of leakage in the lift piston. It can be annoying in a single pump system, once it gets to running all the pump output to the hitch to make it hold position lol. The heavier the load, the higher the pressure in the cylinder, quicker it leaks down making it cycle faster.
New seals should fix you right up if it bothers you.