The first issue is almost certainly the result of a badly worn cam follower pin, while the second issue is likely the result of worn pump seals.
Buy an I&T FO-20 manual and follow the "alternative" procedures (special tools not needed) to adjust the draft and position adjustments AFTER replacing the cam follower pin.
Of course you will wish to replace the lift cylinder O ring and back up washer and thoroughly clean/flush the hydraulic sump while you have the lift cover off.
For better results, post Ford issues on the Ford forum above in the future.
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Today's Featured Article - My Ford Golden Jubilee - by Troy Estes. This article is about my '53 Ford Jubilee and a story that starts with taking the tractor to my brother's Starter/Alternator Rebuilding shop for a wiring fix. The generator was shot as well as all the wiring. I dropped off the tractor expecting a transformation from a 6 volt to a 12 volt system utilizing the original generator housing, and a total rewiring of the whole tractor. The front end center pin bushing was worn also so I ask that they replace it if they had time. Well, that’s wha
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