Hey,
Just wanted to throw my 2 cents into this very old discussion. I recently had similar symptoms on my 2001 JD4200. Loader would still lift heavy weights but suddenly became very slow, and I had to rev the piss out of the tractor to get any kind of speed out of the loader. At idle it would barely move, which, just one day previously, it would still move quickly at idle.
After reading this thread I removed my right fender to locate my bypass valve. In hindsight I could have just removed the metal panel(s) between the seat and footrest of the tractor to get at the bypass valve, but in any case I removed it and found a very tiny piece of metal lodged in one of the ports on the valve. It was preventing the piston from closing fully and I could see daylight through the top of the remaining ports. I depressed the piston with a 1/4" extension and fished the metal bit out with a dental pick. Cleaned and put the valve back into the housing and hydraulics were back to normal!
Thanks a ton for this informative thread, it saved me a lot of time and frustration!
I'll include a couple pics that might be useful for the next person to stumble across the page.
Sean
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