One caution about pallet forks on a typical FEL -- they go up and down in an arc, not vertically like a true forklift. On a machine with a self-levelling bucket capability, that is not so much of an issue, but for the rest of us, a delicate touch is required to keep the load somewhat level and under control. Raising the load requires gently tipping it forward without dumping it and lowering requires tipping it back gently while going down.
I find reducing the engine rpm to near idle helps a lot, and I am more ensured of controlled movements if I make one at a time rather than try to do two functions at once, since one of the motions is always gravity-assisted while the other is defying gravity. IE: when lowering, gravity is acting on the arms while I am fighting gravity with the curl and when raising, the arms are fighting gravity while gravity is helping pull the forks down. The heavier the load, the greater the effect.
You definitely don't want to move the stick far enough to hit regen or float! Makes me wonder how controllable it could be to lower a load were the boom spool control valve order is up-neutral-float-down instead of up-neutral-down-float.