In this case the engine is fresh out of an IRAN to new tolerances. So it’s unlikely the cause.
Long story short, I had the governor replaced with a new one and the problem is gone.
Longer story is I had the governor sent back to the shop that overhauled it (H&H). They initially agreed to IRAN / bench test it under warranty. After looking it over and replacing a bunch of parts, they decided the work would not be covered under warranty, and to bill me for the work (the warranty had expired calendar time, but not hours). I reluctantly paid as I wanted the governor back in hopefully working order.
After it arrived at my mechanics shop, they discovered the bracket was installed backwards. No big deal. But when they went to remove it to turn it around they found several of the screw holes completely stripped and screws held in by only loctite. Bad news bears. I am super lucky that was discovered.
I called them / told them what I thought of the work and received a refund.
I then spent several AMU on a new governor.