It's common for the rear lift to drift down on some models, not sure about yours.
But a loader should not. The oil is bypassing somewhere, either a cylinder seal or the valve.
With the engine off, can the drift be stopped by slightly moving the valve lever? If so the valve is not centering properly.
It's somewhat difficult to determine if the cylinder is leaking. About the only way is to raise and block the loader, disconnect and plug the bottom port of the cylinders, loosen the top lines. Let the load down and see which cylinder goes slack. If it continues to creep down, and oil coming from the top ports, both are leaking internally.
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Today's Featured Article - An AC Model M Crawler - by Anthony West. Neil Atkins is a man in his late thirties, a mild and patient character who talks fondly of his farming heritage. He farms around a hundred and fifty acres of arable land, in a village called Southam, located just outside Leamington Spa in Warwickshire. The soil is a rich dark brown and is well looked after. unlike some areas in the midlands it is also fairly flat, broken only by hedgerows and the occasional valley and brook. A copse of wildbreaking silver birch and oak trees surround the top si
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