Yeah...sorry for the vague post, guys. The tractor is a 1991 Ford 2120, with the 7109 loader. It has a Diesel Kiki double spool valve. I was testing with a 5000psi gauge plumbed into the loader boom lift line via a quick connect at the front of the tractor, which has 4 quick connects that feed the loader cylinders.
I have since done a bit more troubleshooting and narrowed the issue down to the spool valve for boom lift and lower functions. The curl/dump spool valve reads 2500 psi and holds as it should.
On the suspect spool valve I think I'm getting some fluid leaking internally between the lift/center/lower cutaways, which is leading to the rapid bleed off of pressure when the lever is held in position.
I'm going to clean and reassemble the spool to see if it repairs itself, but before I do are there any telltale visual signs that would indicate internal leakage like I describe above? FYI, the valve is bone dry on the outside.