Record the model numbers and serial numbers, then contact the manufacturers of the pump and of the hoist. If they are still in business, they will likely send you their owners manuals for free.
It sounds like it could need a flow control adjustment or cleaning.
If you lift the bed a little with a load on it, and then lower it back down with a load still on it, does the lower faster?
Oil flow volume through a restriction is dependent on the oil pressure. An empty bed at a steep angle may not have much down force to push out the oil with much pressure until it is nearly all the way down. You need to keep enough resistance so you can still lower a fully loaded bed slowly enough not to damage anything. That's my thoughts, check with the manufacturers to be certain.
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Today's Featured Article - History of the Nuffield Tractor - by Anthony West. The Nuffield tractor story started in early 1945. The British government still reeling from the effects of the war on the economy, approached the Nuffield organization to see if they would design and build an "ALL NEW" British built wheeled tractor, suitable for both British and world farming.
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