dfkrug,
Maybe I'm wrong, but I thought the regen function was to slow down the action when the weight of the load is the dominant force. The regen puts some pressurized fluid on the side that is exhausting, thus slowing it down for more control. Imaging you are driving a huge payloader with a 10,000 pound lift. You pick it up to 8' with that load, then you lower it down. As you activate the control the load check in the control releases and the 10,000 pounds pushes the fluid out FAST and with FORCE. Right? Now, imaging that the exhausting side of the cylinder is given some pressure from the pump. The fluid can't rush out quite so fast, giving more control.
Where does the air come from if regen isn't used? Ok, back to the same example with out regen. As you feather the loader control to lower the load, the weight of the load is pushing the piston down - right? Ok, it's a great big load so it is pushing it down fast. The operator (you) don't want that honking big load to be going so fast so you only give it a wee bit of fluid from the pump to the other side of the cylinder. Well, the load check in the control is now free so the fluid from the cylinder can rush out FAST allowing the cylinder to drop FAST. The cylinder is dropping, but you are not giving the other side fluid at the same rate (remember you are only feathering the control in an attempt to slow it down). The cylinder continues to go down and the pressure side actually draws a vacuum. Either air leaks in or the oil boils off any dissolved air or water (cavitates), possibly both. Air in the cylinders will do bad things over time...
If wrong, please correct me! I want to know.
Thanks,
jb