Re: loader wear and tear.
You might check and see what the system pressure is in all the tractor models that use the 70 loader. My 855 uses a 70A loader and runs 2000psi +/-50psi from the factory. The 955 uses the same loader, but has a system pressure of 2500psi. Maybe you can prove to yourself the 70 is designed to handle more pressure.
Re: hydraulic pump wear and tear.
My 855 and the 955 share many parts. The 955's larger hyd. pump was a perfect fit on my 855. After months of happy tractoring, I shimmed the relief valve up form 2500psi to ~2800psi, and blew the pump within minutes. By the way, pumps aren't cheap. Maybe I was unlucky, or maybe you are all lucky. $700+ later, my system is set at 2500psi, which is the recommended pressure for the pump I have installed. If you decide to shim, I strongly recommend investing in a pressure gauge to check where you're at.
My limited personal experience is that pumps don't tolerate much over their rated pressure.
OkieG