Thought I'd give a quick follow-up to the problem I was having. To briefly recap, my M20C was registering high fuel pressure at low throttle settings. I inspected multiple items without finding anything that would contribute to to the issue. These inspections were cursory as I don't believe I'm qualified to do an in depth check. In the end, I considered the aircraft not to be airworthy until I found a solution.
After making multiple phone calls to various mechanics all who had an opinion on potential problems/solutions, I found that each believed the aircraft to be safe for flight as long as the fuel pressure was under 6 psi when at cruise settings. With this in mind, I made an appointment and took a short flight to a qualified mechanic.
The aircraft was pulled into the shop and the cowling was removed. The mechanic I was working with spent a considerable amount of time checking everything from the electronic fuel pump to the carb. In addition the screen was removed from the carb and flushed. Hoses were pulled, fittings were checked, the hose to the fuel pressure gauge was checked and bled, crankcase pressure checked, etc. I was quite impressed with the amount of work that was done. No clogs, no anomalies, no traces of any issues were found.
In the end, it was decided that the gauge is going bad. A new gauge was ordered. When I got back into the airplane and headed home, the gauge read "normal" while taxiing. Pressures previously ranged from 6 - 7.5 psi. Readings were 4.5 psi at idle and in cruise and just about 5 psi with the boost pump on. A few minutes later the gauge read 2.5 psi. I'd never seen a reading that low before. I flipped on the boost pump and got a reading of 6 psi. A few minutes later we were back to 4.5 psi. All of this took place with no change in prop setting, additional leaning, or a change in manifold pressure. The engine ran smoothly and never missed a beat.
During landing, when the electronic pump was turned on, I saw no change in pressure. After landing with the pump off, no change in pressure. While taxiing to the hanger, the fuel pressure rose to 7 psi with no change in sound, rpms, engine temps, or egt.
Although no "smoking gun was found", given the extensive search for a problem, the fact that the entire system between the electric pump and the carb were checked, I've decided that there can be no other answer but a bad/intermittent gauge.
Reflex