Hi and welcome to the forum!
The 722 is a hydrostatic machine, and the wheels will resist movement when not being powered - that is normal. Older clutch operated machines would free wheel.
Regarding your weak drives, have you fully serviced the machine? It could be a hydraulic fluid issue, a charge pressure issue, a pump/motor wear issue, or any combination of these 3.
I would start by making sure that you have the correct hydraulic fluid in it by simply changing the fluid. Older machines work well using engine oil as hydraulic fluid. If you are in a moderate climate (warm summers, mild snow winters), 10w30 works well. If you are in a climate that never drops below freezing in the winter and has hot summers, you may want to consider 15w40.
Change the hydraulic filter while you are at it. I can't remember if the 722 has inline filters in the charge pressure lines or not, maybe some one else will know.
Another contributor could be that your fluid is becoming aerated. You mentioned that you have some leaks, I would track them down and repair them.
Hopefully it is something simple, usually is.
Hope this helps - SR