Got to be mechanical then, IMO. You might have tried pulling the end plate off the pump first and checking for wear. Many times with these lobe type pumps the wear mechanism is mostly in side clearance of the lobes, which is pretty straightforward to fix. All you need to do is regrind the sides of the lobed gears and the end plate, leaving a small amount of clearance - usually on the order of .0005" to .001" clearance is good. Ideally you'd want as smooth a surface as you can get for longevity, so it might be advisable to "lap" the lobed gears with fine emery cloth on a surface plate after grinding. Your shop has a bandsaw - does it have a surface grinder?
I was a machinist, toolmaker and weldor for nearly the last 20 years before I hurt my back and started fiddling with electronic stuff, BTW. I've been a member at PM nearly since they started.