[HELP] kalamazoo boat anchor or band saw

[mr green wilson]

I recently purchased a Kalamazoo band saw model P43 probably pretty old three phase. Converted it to single phase same hp motor same speed. i refurbished the hydraulic ram (it works great) replaced the blade brush. oiled the moving parts. Here's my problem I purchased a 14 tooth carbon steel blade (probably not a good decision). I'm retired money is tight. The machine is running as slow as i can get it ,53 FPM and the arm spring tension is set to position #5. Anyway i lower the arm using the hydraulics and it starts cutting i control the rate with the hydraulics. The blade stalls i lift the arm and lower it back onto the piece and it growls like a dog and strips the teeth off the blade for about 2 inches. (I didn't drop the arm i lowered it very slowly) it looks like the blade loads up and a piece if a chip catches in the kerf and jams tight and stalls the blade when i lower the blade the teeth catch on the jammed in chip and the stripping of teeth starts. i am cutting a piece of 1.5" round hot roll steel. In my shop one blade has to last a long time i need to figure this out before i invest in a bi-metal blade. Any and all advice and help would be appreciated. I know this is simple but i can't see the trees for the forest.
Mr Green Wilson
Perkins@twc.com