That's partially correct. There are three pumps on my older 425, at least:
1. The variable displacement tram (drive) pump powers ONLY the 4 wheel motors.
2. There's a fixed displacement pump that drives ONLY the main PTO that we've been talking about. Again, I think it's an 8 GPM pump, as I recall.
3. There's a third fixed displacement pump that drives the steering, the lift/tilt circuit, AND the Aux PTO.
Here's a great picture that shows those last two pumps, from MR's site. Note that they are stacked on the rear of the Kohler CH25, with #2 mounted to the engine and #3 piggy-backed on it. The drive pump is on the opposite end of the engine's crankshaft. With the Robins engines, this layout is different, but there's still three pumps, unless I'm mistaken.
In summary, the Aux PTO is shared with the steering and lift/tilt circuits, but nothing else. I think the routing is such that it goes to the steering first, then the tilt, lift and aux PTO valves in that sequence. However the tilt, lift and aux PTO valves are all stacked, so none of them would clearly have priority, I don't think. However, the steering valve would, as I understand it. In most usage, you're likely using a couple of those functions at a time...
Sometimes you will notice the lift or tilt slow down, when you have the steering wheel turned to the point the tractor if fully articulated... but that's all I've noticed.