I used to think that it was not possible to move in both lift and curl at the same time, but that is not the case. It is possible, but the amount of pressure and flow is split between the two functions and it's not a very satisfactory operation. Dumping and lowering the arms at the same time is far easier to accomplish.
Remember, pressure is going to go to the place with the least resistance. If you apply pressure equally from the same source to both curl and lift, which one operates will depend solely on which has the least resistance. If you require 1000 lb of force to lift the arms and it only takes 500 lb of force to curl the bucket, where is the fuid going to go? The arms will sit still and the bucket will curl until it reaches the end of the rods. At that limit, the arms will begin to lift. Fluid always takes the path of least resistance. In a high flow and high pressure system with flow control orifices, you can produce movement in both axes, but on our loaders, the circuits are not isolated to provide this feature.
When you lower the arms and dump the bucket at the same time, you are letting the weight of the bucket and arms aid the hydraulics and it is much easier to produce movement in both the arms and bucket simultaneously.
You can try this experiment with the bucket empty. Lower the arms and curl the empty bucket down. Now, pull the joystick back and to the left at the same time. You should see the bucket curl to maximum and then the arms start to lift. If it doesn't work that way, I'd be very surprised.