I quick way to find out if it’s the counterbalance valve or the piston seals…..raise the unit up off the frame, get it into the creep down mode, turn off the engine, then immediately support the structure with another piece of equipment just off the truck frame, remove the two cylinder hoses, then lower the support equipment. If the valves are compromised oil will leak out from one or more fittings at the cylinder base at the rate of descent. If no oil leaks out of fittings and still creeping then the piston seals in the cyl are bypassing.