creep down could be either piston seals in cyl or bad control valve.....Best to troubleshoot before jumping to conclusions
More common for piston seals in cyl when many hours are logged in cuz they do wear out...
Control valve could be a more expensive problem but if the control valve was the issue then replacing just the troubled section (looks like a Gresen V20??) will cure the problem (this is assuming the control valve is the trouble).......changing hoses to a good known valve section will tell ya fairly quick if it's good or not
Was there any evidence of water entering the hoses or in the hyd system??.....
Is the boom cyl stretching out when it is creeping??...