Pretty good advice from everyone so far, I think. Especially: use a gauge to reset your pressure relief, which is located on your valve, probably a setscrew covered by a cap nut. If you have 2300 PSI though, that should be good enough to do most spliting with a 4" cylinder. I agree not to use more than 2700. Your cylinder, valve, fittings etc are probably rated at 2500 max. Also, since the pressure is high enough, it isn't leaking past the cylinder piston, or anywhere else. You'd get a lower reading if it were. I certainly don't recommend trying to reset the bypass on your pump. It's only for the low pressure phase, so it won't affect your peak pressure, and you risk putting too much load on the pump shaft (they break easily).
One thing comes to mind that a friend did to a homemade splitter which only had a 3 1/4" cylinder: he made a sharper wedge. He actually welded an old axe head to the front of his wedge so it made a sharp, small leading edge. It split almost anything after that. Getting the crack started is the hardest part, so making that easier means you can make tougher splits with the same amount of cylinder force.
Other than that, you're limited to using higher pressure, or a larger diameter cylinder.
Good Luck,
Don the Hydraulics Guy