Sounds like the same thing that happened to my pump. An injector pump is a very simple device that is lubricated by the fuel and should outlast the engine except for one problem. They use pastic gears inside to rotate the injector pistons. Go figure. So that fuel rack is metal against a plastic gear and eventually the plastic gear teeth break off and jam the rack. I opened mine up and that is what I found. I was able to fix it temporarily by turning the gears 180 and using the good side of the gear.
Pulling the injector head out is a little work. You have to remove the intake manifold, the three injector pipes and the #1 glow plug. Before you remove the injector head you have to remove the fuel solenoid, the plastic solenoid rod guide and also the fast idle unit to the left side of the injector head. Probably about an hour of work.