Domush and Car Doc: Thanks guys.
Given that I almost exploded this engine the last time I had it running, I am hesitant to try any diagnostics which involve turning the engine over; despite the fact that I doubt that it would start. The only way I got it started the most recent time was by pulling it. I don't believe that there should be nearly as much pressure build up in the crankcase as I was experiencing. I'm not certain (I was kind of in panic mode trying to get it to shut down) but I think that it was putting out a significant amount of black (or maybe blue?) smoke the whole time it was running on the occassion when it revved uncontrollably. When I get a chance I will check the pump and governor as that should be a pretty quick job. However, I've pretty much resigned myself to the idea that the safest approach to diagnosing this problem beyond that is going to be to take a look at the rings, especially the ones in the cylinder in which the diesel ran through into the pan most quickly. I assume that if diesel under no pressure will leak past the rings that quickly then compression could cause air to leak past them to create the pressure I was having in the crankcase.
Since there are no discernable lands in the tops of the cylinders and no apparent scratches or gouges in the cylinder walls, the only explanation for the difference in the leak down time between the two cylinders is that the rings in the more leaky cylinder are stuck or significantly more worn than those in the other cylinder (and why would the rings in one cylinder wear dramatically more quickly than those in the other?). Obviously, as I tear into it, I'll closely inspect the head, head gasket, and the top surface of the block.
All of that, of course, unless one or more of you can give me a better approach.