the speed at which a cylinder extends or retracts is based on it's bore size, to an extent the rod size (pin bias effect), geometry of the cylinders/arms, and more importantly the flow of the oil going into/out of the cylinder/fittings/hoses.
On the little L series the pumps only flow so much-which is engineered into the tractor's overall design. If there were a pump installed with more volume, it would certainly speed the system up, but would also make the loader mostly unusable because it'd be "TOO" fast. Similarly, the 3 point hitch. This is, of course, if everything stayed the same as it already is, with only changing the pump volume. Remember, everything has to work together, both mechanically and also in the engineering/manufacturing phases. If we installed a higher volume pump, now we'd also have to address fittings, valves, hoses, lines, pipes, filter(s), screens, and a bunch of other stuff, which could add significant cost to the tractor, potentially putting it non-competitive with other brands. Or the other option, redesign the entire system so it uses more of a pilot-operated valving, similar to excavators and skid-steers. You guys wanna gripe about the cost of a loader valve now? Wait til you price a valve assembly for a mini-ex. Or a pump assembly. Some other brands of tractors (including my MF) use a different system which uses a flow control valve such that the systems have a ton of power (more than the tractor can handle) "AND" be somewhat faster operating. But again, more expensive to make, and of course to purchase. And much more expensive to fix.
There is no free lunch.
8 gpm flow at 2000 psi, the system works faster but still has the same "power" as the same system that has 4 gpm at 2000 psi.
So if you're adding a pto pump, hoses, lines, reservoir (and I might also suggest a cooler of some sort...), you want to size it properly, keeping in mind that the valve can only deal with so much flow. How much? That I don't know. Pull the covers off of the valve assembly, get the model off of it and maybe do some digging to see what they're rated for.