Are your other Power Strokes 2008 to 2010 model years?
I don't own a 6.4 anymore to check. I have a 6.7L now.
My guess from memory is that it is a vaccum pump and it runs oppsite to a air compressor so when it is running it will seem that it is leaking air, but that is normal. This vacuum pump runs that 4x4 hubs and HVAC blending doors, etc..... I do remember it being noisy on my 2008. It should start up when you first turn the key on.