Here is a link to the guys that still support the KRW's There wasn't any specific hydraulic oil listed in the books, but they would know for sure. BTW, if it's got 5606 in it, there would probably need to be a complete seal change before going to something else. There also appears to have been two different pump styles. Your's is like mine, probably the late version.
http://www.devinmfg.com/krwilson.html
I've got a 50 ton and a 60 for my shop.
Royce, I'm not sure of the spec'd oil either but use AW 46 in my 60t hydraulic press of similar vintage. I do appreciate the KR Wilson press and it's lines though and yours is a real beaut. Must have been made specifically for the military to have Property of U.S.A. cast right into the Badge. A very neat and complete press you have there. Ed.
Royce: The main reason would be for compatibility. 5606 and certain seal materials get along great, while others react badly. If you were going to change fluids, you want all traces of 5606 out of the press and pump. This means tearing it down and flushing everything out and cleaning all the internals. If I remember correctly, the big piston seals are leather and you will never get all the 5606 out of them. If the gov ran 5606 in it, I'd just run the same thing. The total amount of fluid required to refill it will be less cost than new seals and new fluid. One other thing, 5606 and some other hydraulic fluids don't mix well at all and you can end up with some weird and nasty gunk in system if they are mixed. 5606 can be had in gallon cans from guys like SkyGeek for about $30 a gallon and you only need a couple gallons.
Something to remember about the KRW's, is that they are heavy sob's and quite top heavy due to the design. When changing table heights, make sure the winch lock is fully engaged before taking your hand off the winch handle to pull the pins. If it releases, you may be in for some broken bones if you are too close and it drops!
Love the original gauge! Mine was broken when I got it.
The math for a 50 ton works out to 1 ton per 100 psi.
Seal on piston is leather. Had to simmer mine over a Coleman stove awhile to make it pliable enough to install.
Royce: I wouldn't worry too much, just something to be aware of. I'd probably start collecting the seals and gaskets and put them on the shelf for a future rebuild. Both of mine need overhauls now, as they came from being stored outside. House stuff comes first for now though. Being as your's is military, you noticed in the manuals that there are some slightly different specs than for the commercial units? One safety thing to remember, is that you are going to have 6000 pisg on the pressure line, so be aware of the hazards that go with those pressures if you don't work around them normally. Pinholes or other leaks can vent fluid a long distance and in a very fine mist....if you have one, don't reach up to block it, dump the pressure and let it spew until it quits, then investigate. That **** tastes nasty and you don't want it injected under the skin.
Disston: nothing wrong about using ps/ATF as the fluid as long as whatever you are using it in has compatible seals. Mix incompatible materials, and you will end up with a mess to clean up eventually, and possible render the item uneconomical to repair.