Sorry to say I haven't done it on my tractor and after going out and looking at mine, I just can't tell without taking everything off to see better. My manual says to remove the "pipe plug" in the hydraulic housing cylinder cover to install the gauge. That might be the plug you described next to the speed control. The cylinder is centered in the hydraulic housing and faces forward so it should be under the seat, like the speed control. It says to lower the hitch (have lever in down position), unhook the sensing rod, remove pipe plug from hydraulic housing cylinder cover and install pressure gage in test port. Operate engine at high idle speed, hold hitch control lever in raise position and observe pressure reading when relief valve opens.
Did you mover the 3ph control lever to "raise position" when you checked it? I am certain this is critical because flow is likely diverted from the cylinder in the down position.
Darryl