Does it make a difference that from time to time, particularly just after startup, the hydraulic system would chatter as if an internal valve would open and close rapidly? Often it would only occur for a few seconds before stopping, and it would seldomly occur when it was hot. Also, cycling the loader up and down would seem to help.
This is how the system works.
The oc pump draws oil from the filter up a large tube to pump that is located high up in the transmission case (not submersed in oil) the oil then dist.to the PS brake and accumulator and CC pump if you loose flow in the system the priority valve will direct the oil to power steering and brakes (last thing you want to go). At this point the CC pump is not getting any oil.
Cause of loss on OC side.
#1pickup plugged
#2 filter plugged or restricted
#3pickup tube O-ring bad pickup tube attachment tab has a crack
#4bad pump
#5 bad PS unit allowing to much oil to bypass
#6 bad brake control (if ok till brakes applied then brake cyl
#7diverter valve spring or piston hanging in bore
CC pump operation The oil is forced into the CC pump inlet by the OC pump the pump brings the oil pressure up to 2500 PsI and holds it there with no flow until a valve is open then it starts pumping the volume that is required out the outlet of the pump. the third smaller line moves the oil through the oil cooler to cool the pump in long destroked periods.
Cause of loss on CC side
#1 no oil to pump see above
#2 bad pump dirt in pump not allowing pump to stroke
#3 destroked cold weather aid manual valve open, small valve that looks like petcock on pump. auto type solenoid on pump dirt under seat plunger hung up solenoid should only energize when the starter is engaged.
Since my experience has only been with backhoes and never had to trouble shoot tractors with 3PTH thats as far as I can go.
The metal in the oil that you mentioned in your first post could be your wet brake lining from normal wear or a pieces that have separated.
The first thing that I would do is remove anything you have on the TPH just in case you loose hyd.to check what hyd system that the TPH is hooked to if the bucket dosn't work and you have PS and brakes and it lifts it's probably hooked into the OC system.
I would concentrate my effort on the filter area make sure there is no ice in the system and the priority valve they are the easiest.
If you have to get into the system any further I suggest you purchase a manual.