Okay, mechanical governing at 3-5% sounds about right.
I'm sorry, but I can't cross the NL number. NL doesn't make the engine, so they are probably re-numbering the engine manufacturer's part number, who re-numbered the injection pump manufacturer's part number.
NL likes to use Ishikawajima engines, which usually use Zexel injection pumps, but I couldn't cross it there either. There should be a data plate on the injection pump itself with the number. Failing that, a picture would probably be good enough for me to ID the type. Actually, since I won't be back at the shop until Monday, a picture would probably be better.
Back to your problem. Can you give us some more specifics on the problem, how much is the RPM or frequency drop? Does the unit holds RPM consistently under no-load? How much load can it carry, or does it just go right on its knees when you turn on a light? Is there something specific that leads you to suspect the pump?
Check the shutoff lever to make sure that it is fully in the run position. If it isn't, it can limit full-load delivery.
Other than that I'd still suspect fuel supply problems. It may be necessary to find a place on the injection pump inlet where you can put a pressure gauge. A related possibility is a failed overflow valve which is the pump's supply pressure regulator. Again, a pressure test may give us a clue.