For what its worth, when I had my IH2500b, which was a 50hp HST tractor loader, the operator's manual specifically stated to run it at PTO speed all the time. This was for a couple reasons. One being proper cooling of the hydraulic fluid. Too low of an RPM and it heated up the fluid too much while not forcing it through the cooler fast enough, which decreases internal component and fluid life. Another reason was braking response when driving. Not brakes, but hydraulics in the tranny. You know, when you let off the direction pedal on an HST tranny, it stops the tractor without using brakes. The manual specifically mentioned that. Other reasons listed were response time of the FEL controls, 3pt lift, and draft control.
But, that all may have been specific to just mid-70's IH HST tractors. Consult your operator's manual and see of it says anything about engine RPMS.