I never did ask, is it indeed the lift cylinders that are leaking down? and not the tilt?
In theory a double acting cylinder will not move if the piston seal is bad, but in practice, it still does. Load checks are meant to prevent the cylinder from falling slightly before extension/retraction i thought, i could be wrong though. My understanding is that they are there to make operation smoother, not to hold all the fluid back, that is the job of the spool.
As you can hear noise, it does sound like it must be something else, personally, i'd start with the relief valve.
It will be screwed into the rear of the valve body, facing the engine. It will be inline with the lift segment of the control block. The one on the front should be your main relief valve, this is only under pressure when the engine is running.
Hopefully that is the cause of the problem, something stuck in it.
It is possible, rare but possible, that there is an intenal crack in the control block too. I know of at least one member that had issues that turned out to be a crack. His was different though, he would lift and it would affect the tilt as well, so fluid was passing between sections.