Before you start disassembling the hydro, have you checked the condition of the drive belt? As the belt heats up it will expand and start slipping create the condition you are describing.
I nearly replaced my mower about 8 years ago for this very reason, replaced the belt and it ran like a champ. Now, 8 years later, I'm experiencing the same thing you are and when I checked the belt, sure enough it is about shot. I haven't replaced it yet but I'm confident that my performance will improve when I do.