The original question seems to be about ATF vs hydraulic fluid. Why? I don't believe any manufacturer specs hydraulic fluid for automobile steering systems.
As I understand it, PSF and ATF are very similar, both are basically hydraulic fluid with some added substances for various desired behaviors, such as resistance to foaming. I have always understood them to be essentially interchangeable, but I use PSF because I've heard that ATF has more additives that aren't needed and might in fact contribute to hardening or gumming of the seals over a long lifetime of use.
As I understand it, PSF and ATF are very similar, both are basically hydraulic fluid with some added substances for various desired behaviors, such as resistance to foaming. I have always understood them to be essentially interchangeable, but I use PSF because I've heard that ATF has more additives that aren't needed and might in fact contribute to hardening or gumming of the seals over a long lifetime of use.