Bob,
I found that Valid is called Trueline leveling system, found a manual (pdf) on line for their system. When you level your coach will it stay level or does it start dropping on one corner or another? Does your air pressure leak off?
With my 06 HWH system it is usually a air switch or a push on air fitting leaking. About the only way to find air leaks is with a spray bottle with water and dish soap and spraying every fitting and part you can find that is air related. If you get under your coach make sure it is blocked up on jack stands or some way that it can drop on you.
As far as you air compressor short cycling---sounds like a pressure switch problem, there has to be a pressure switch that calls for the compressor to come on for low pressure. The only reason for the compressor to come on is low pressure.
The HWH system will use air tank pressure until it is too low then the compressor will take over. I would guess that yours is about the same.