That sounds right for the pressure. Yes, you can check the hydraulic pressure, but it's not exactly the thing you can explain easily. You could tee into the line safely but that will just tell you that the pressure is low, which you already know because the hydraulics are weak. So either your pump isn't producing enough pressure, or the system is leaking enough to keep it from holding the pressure. If you test the pressure of your pump with the output blocked it can explode, and then you still don't know if it was good or not.
How about this, start the thing up cold, let it run a minute or two, then hold one function "to the relief" for 30 seconds, then shut it off in the same position. So, start it, hold the bucket tilt all the way back for 30 seconds, shut the engine off with the handle still held back, then see if either the hydraulic pump, or any part of the control valve are warmer to the touch than the rest.