Sounds like you have a pressure leak on the forward clutch of the reverser. It needs to be pressure checked in forward/neutral/reverse to confirm this. I'd also check with the PTO engaged/disengaged and the FWD engaged/disengaged if it's got electric shift FWD. You want to be sure that there are no other leaks besides the reverser. Honestly, at this point... if you've been running the tractor any length of time with the reverser clutch slipping... the plates are probably trashed. Also... if it's been run with extremly hot hydraulic oil for any length of time it's possible that the clutch AND brake plates are now delaminating... and you will see this in the oil and suction strainers/filters as a fine grit... about the consistency of antiseize. Hope it's not gone that far yet.
Just get the pressure checks done and confirm that the leak is in the reverser clutch... then I'd probably do a thourogh rebuild of that when it's split apart... then monitor the oil and see if the brakes are going to stay OK.
Always remember... with these tractors... STOP at the first sign of trouble with either hydraulics or clutches or it's going to cost BIG dollars to fix.
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Today's Featured Article - Upgrading an Oliver Super 55 Electrical System - by Dennis Hawkins. My old Oliver Super 55 has been just sitting and rusting for several years now. I really hate to see a good tractor being treated that way, but not being able to start it without a 30 minute point filing ritual every time contributed to its demise. If it would just start when I turn the key, then I would use it more often. In addition to a bad case of old age, most of the tractor's original electrical system was simply too unreliable to keep. The main focus of this page is to show how I upgr
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