Power beyond is a direct connection to the hydraulic system, to hook up attachments that have their own control valves. If you are getting the 448 backhoe, it requires the power beyond option. In JD's setup, they install a loopthrough connection where the dual SCV manifold would normally feed the 3PH control valve. To hook up the 448 you disconnect this short loop, connect the BH's input in it's place, and connect the BH's output to a third (normally unused) connection that goes directly to the hydraulic sump. Note that the 3PH will no longer work (no pressure), but it has been removed to put on the backhoe anyway...
I use the 3rd SCV control to run my 4-in-1 bucket, similar to a grapple. I opted for the JD "third hydraulic option" on my 400CX loader, which has metal tubing properly installed, provides the quick-connects for removing the loader, and runs hoses back to the rear of the tractor, where the 3rd SCV outlets are, on the same bracket as the power beyond, actually.
I find that this setup works very well, for me. I prefer having the joystick always controlling the loader, and don't mind moving my hand down slightly to work the bucket control. One less switch and set of electric solenoids to go wrong, too.
Tom.