J_J, I tried closing the lock valve on two of my Yanmars and then attempting to raise the three point. Both immediately went into bypass. This is true whether the implements were up, down, or in between.
I'm really too ignorant about this subject to be of much help, but I'm interested in learning. It seems to me that the flow of the pump is going to be constant at a given RPM. It is capable of developing reasonable working pressure, since he can get pressures of 2000 psi or so on his gauge.
When he is trying to operate his 3 point lift, he can only get pressures of about 450 psi, but only at maximum pump RPM/volume. Anything over around 450 psi, by my reading, won't let the system lift the load. In my limited understanding of how these things work, that seems to imply that there is a restriction to flow in a bypassing system that is restricting the flow of fluid to 450 psi at, say, 4 gpm, thus pressurizing the lift cylinder to that as well.
If that is true, the choice seems to be whether there is a stuck or weak bypass valve, or if the control valve itself is passing fluid.
Is that correct?
A tangential thread-jacking question: Say the lift piston seals are leaking fluid. Where does that leaked fluid go? Is there a return line on the non-pressurized side of the piston to the reservoir? Does it escape out the vent when sufficiently accumulated?