Guys!
I am 100% in agreement with you!
I do believe, in fact, that I'm looking a problem with the "governor/injection pump/throttle control". And of course, if I were to rebuild the engine, I would most likely give the injection pump to the local professional anyway or just buy a new one (they are about $500 from an online tractor supply co.)
Just a couple of days ago, I was returning to the dock and my engine stalled when I throttled down. The idle was set at 1100rpm. I saw it slowly drop to 800, then 700, then 600 rpms before it died. There was no trouble when I left the dock and it's not like the rpms bob up and down when I'm cruising. (Well they did, but I replaced my tach and now that is fixed!)
And as I mentioned before, I had also adjusted the WOT screw on the engine to give me my max rpms, which it does just fine. The wire on the screw and Nigel Calder tell you not to do that, of course.
And believe me, I tried having "professional" mechanics take a look at it, but the one at my marina, who supposedly knows his s--t, has been blowing me off for weeks, and I get the idea he just doesn't like digging into engines anymore and would rather replace broken macerator pumps and cabinet hinges. The other diesel shop I called, who was highly recommended, now tell me to call back again after a month when they are less busy!
I wasn't planning on rebuilding the engine until I had the valve cover off and I saw how gritty and rusty looking the innards were. I really would have liked to remove them including the valves and valve springs to give them a good cleaning, but without having good access, I am hesitant to do this. And before you blame me for the mess, I've only owned this boat for just 2 years and have done at least 5 oil/filter changes since. And although this should not be a factor, the engine's just "looks" tired with all the old paint flaking off. From what I've been reading, there are two schools of thought on rebuilding an engine. Either leave well enough alone if there is no real trouble, or do it to prevent what MIGHT otherwise be inevitable trouble.
Let me just add, that given my inexperience, I highly value everyone's opinion here and if I was sure of myself, I wouldn't be posting my issues here! (And obviously, physics is not much of a help in diagnosing engine trouble, but screwing up units was definitely a common, but major screw up!)