Actually, on the BX series at least, there are major differences between the 3 and 4 way valves. Both have the "float" position as well as rais/lower and curl/dump. Only the 4 way has fast dump. Also, there is a difference in the way the fluid flows in the 4 way, as the three way can't actually angle a blade or snowblower, only raise/lower. Someone explained it once, and it made me wish I knew about the 4way when I bought mine, but I haven't needed it anyway. when you first purchase, it's only about 60 bucks to change, but after the fact its a lot more....