Did you plumb that?
It's back assward from how I'd do it.
Id have gone valve, then flow control. The way you have it, the up down and belt motion is both controlled by the flow control.
That is a flow divider and sure looks like the correct way to plumb it.
The return line from the valve should be at the top of the tank, not bottom. Suction lines at the bottom, return at top.
Block that tank flange and T into the top port. Or weld another fitting in the top. (Tank flange is about $5)
The return line is at the top of the tank and suction at the bottom.
Also replace those hose clamps with T bolt clamp.
The return hose can be downsized too, I'd bet 1/2" would be fine. 1" is good to 70gpm.
The return line should be larger than the pressure line because in cylinder retraction mode the return flow is higher than the pressure by the exact amount of fluid that the rod displaces, which can be significant.