With the truck idling in park, I turn the steering wheel back and forth with no issues. No slack, slop, play, etc.
What I did notice was when I turned the steering wheel any amount and held it there, listening to the engine rpm drop while it is powering the pump, after a second or two the rpm's rise slightly and at the same time, the steering wheel jerks a bit like it is trying to return to center.
It seems like there is a pressure valve inside the power steering pump that releases pressure which causes the steering wheel to jerk. It doesn't seem to hold a steady pressure. Jejeb, thanks for the tip. It could be an issue with the steering box and not the pump. I hope not since I'm out of warranty!
The saga continues...