No offense intended by my comments.
I'm refering to how closely the governor regulates the engine speed at any given speed setting. A "perfect" governor will maintain exactly the same engine RPM across all engine load ranges up to the engine's manumum power. Then, and only then would the RPMs start to drop off.
For example, if you set the engine speed at 1800 RPM, then drive around fast and slow, up and down hills, mowing or transporting, the engine RPMs will stay at 1800 RPM. If you try to push over a 36" oak tree, the effort will be too much for the engine and it willbe unable to maintain 1800 RPM and the speed will drop until the load is reduced.
Now that's a perfect world, and we don't live in one. My experience on B's is with a B2400 and a B2910. Both of these machines regulate the engine RPM to with in about 100 RPM of it's set speed across the loads described (except the oak tree). My experince on grand L's is with a 3710, and a little bit with a 4610. The 3710 I actually thought was broken because with a no-load RPM of say 1800, it would drop by several 100 RPM (up to 500) just driving around, and this was in mid-range, not even high range. I then test drove a 4610 and it was similar. There was a discussion in I think the Customization topic on ways to improve the regulation on a 4610.
I love the way the B's work, and I was really surprised to find such a difference in the grand Ls. I've never tried an L48, but would like to. In your L48, if you set the engine speed at 1800 RPM, then drive around in mid-range, slow/fast, up an incline, and then back down again, how much does the engine RPM vary?