Hi Mission Man,
Just back in action, sorry I didn't get back sooner. That is a pretty sweet machine you have there.
As long as the function of the hoist and stick seem fine, should drag the machine on the ground with stick only and lift the side with hoist only (good lifting power/speed) Remember, gear pumps, constant flow, each function should load up the engine (smoke) If one of those seem VERY slow or unable to function, I would say pump (a slow track is a symptom).
First thing is to pull and split the hydraulic filters, look for metal/brass/seal/rubber trash.
When looking for a mis-tracking problem I always find out if it is under load or not. Paint mark 1 pad on each side, lift each side one at a time and count the revolutions per minute. If the speeds are very different side to side (under no load), I would look at track tension first (pin and tumbler drives are notorious), second is drain the oil from the slow final drive case and look for problems (trash)
If the speeds are close when in the air (means good flow) I would totally agree with spitzair to swap the outputs from the 2 big pumps (the smaller one on the top is slew (swing). if the problem changes it is likely the pump. (flow reduced under load)
If the problem doesn't move to the other track, a swivel is easy to reseal, or the drive motor has failed, harder to rebuild.
Good luck, and I hope I have helped.
P.S. I have days worth of stories about welding up and fish plating those sticks. Noticed the usual suspects on your stick. Never repaired a boom eye on a 12 though.