[dsraven]

I'd say fix the leak and keep power steering.
If you can find where the actual leak is, take the hose off, snap a pic of the connection point at the rack and pump and then take the hose to a hydraulic shop and have one made for you. Ensure there is ability for the hose to swivel on at least one end and that there is sufficient hose length to allow for engine flex. Personally I am not a big fan of the aluminum fittings as they look cool but threads bind fittings go out of round when tightened down and the threads tend to fall. That's just me though.
A fitting that looks like not but has an O ring may be an ORB fitting. O ring boss.