Alright update on the situation: I took the splitter to the Tractor Supply, learned a few things: 1- the splitters that were being sold during the $300/off "spring black Friday deal" were reconditioned.. that is: sold, used, broken, and fixed again to be sold as new.. a super nice guy working in the back yard area who does all of this stuff for that particular Tractor Supply and I spoke for a good hour and he confessed that little detail.. (super great dude) but anyway the problem was the 2-stage pump was frozen in the 1st high speed/low pressure stage and was over-stressing the engine and pump by trying to split without going into low gear.. the main cylinder leak and that problem combined with a honest worker got me a brand new (this time) splitter of the same model and 2 free bottles of bar/chain oil.
I am happy with this outcome provided that this truly new splitter works and functions into the future as it should.