</font><font color="blue" class="small">( If you look at the geometry, the top link is longer than the bottom draft arms.)</font>
Obviously I can't see your geometry, but you just described pretty much what I suspected.
Since adjustable toplinks aren't typically included with TPH implements, one must assume you're using the one that was already on your 4010. If it's already screwed down to its shortest length, I strongly suggest you buy a (much) shorter one. Then re-evaluate your situation. I also see that the LX4 doesn't seem to come equipped with a floating toplink bracket. You might want to consider investing in one, they're worth it.
When properly set up, it should be reasonable to expect 10-12 inches of "float" where the deck mates to the TPH. The rear wheel should be load bearing, not spinning in the breeze. And when you lift with the hydraulics, the entire deck should raise on a horizontal plane, instead of coming up like a garbage pail lid.
//greg//