Bird, I'm pretty knew at it, too, so I'm afraid it's gonna be a case of the blind leading the blind. /forums/images/graemlins/wink.gif
However, here's a crack at responding.
I calculated the Barnes 28 gpm 2-stage at drawing something in the 16-17hp range so I think that you'd be OK with it, but doubt that you need it unless you are building a huge splitter. I'm using a 5" bore cylinder and, even with it, I think you can probably get a pretty decent cycle time with the 22gpm pump. It isn't hard to calculate, just figure 5.5gpm at high pressure and 22 gpm at low; and estimate, depending on the kind and size wood you will be splitting, how much of an average stroke will be at each. Then take 231 cu. in /gal for the area of whatever size cylinder you are going to use. For the return cycle, just reduce the bore area by the area of the rod and take the cycle speed at low pressure all the way.
As for the pump speed, I think that the Barnes 2 stage pumps are spec'd to run at up to 4000rpm and I was planning to run mine at about 3500. I think that 3200 is probably adequate to give you reasonable performance, but I'm not knowledgeable enough for that to be more than a hunch.
It isn't hard to take an increasing gearbox and some pulleys to get the speed up to 3500 or so.
Surplus Center has a gear increasing box that will take your 540 pto rpm up to about 1025 and using a 9.75" double groove pulley on the gearbox output and running it to a 2.75" pulley on a jackshaft connected to the pump should give you plenty of rpm even at a bit less than full pto speed.
BTWm what kind of valve and what size reservoir are you going to use. For the 22gpm barns pump you probably want at least a 20gal reservoir. The
www.baileynet.com online catalogue has some good ones, as does
surpluscenter.com.
Surplus center also has some nice autocycle valves.
Hope this helps.