Your hydro lift circuit only flows 2 to 3 gpm, so all flow would divert to steering.
You can do without a priority valve at all & tap into lift circuit AFTER the lift valve. The steering will always get pressure except for any brief second that the lift valve is HELD in a topped out, or bottomed out position. If you tap in ahead of the lift valve, the bottoming or topping backs all the pressure into the steering valve which you do not want, possibly blowing a seal. I have my Massey 1650 tapped after the lift valve assembly & it works fine. The split second when I bottom or top makes little difference & doesn't bother me at all.
You can do without a priority valve at all & tap into lift circuit AFTER the lift valve. The steering will always get pressure except for any brief second that the lift valve is HELD in a topped out, or bottomed out position. If you tap in ahead of the lift valve, the bottoming or topping backs all the pressure into the steering valve which you do not want, possibly blowing a seal. I have my Massey 1650 tapped after the lift valve assembly & it works fine. The split second when I bottom or top makes little difference & doesn't bother me at all.