Well , just another update on the saga. As per NormK's suggestion, went checking on other things that could be causing the lack of RPM. I was almost correct before, it was a spring, just not the one I originally pointed out. The one I pointed out was the Governor Linkage Spring. The one causing the trouble is the one on the bottom of the assemble which seems to have about 6 holes to go into. THAT spring is the governor spring according to Sanli Parts List.
Inspection of that spring & it's mounts indicates that the end closest to the 6 holes has actually been moved (you can faintly see the tarnish where it was before). As well ,cleverly hidden behind the plate, is the evidence that this spring has been stretched & reshaped, thus making it non functional as per design.
Hopefully a new governor spring will be the end of this. Should be a good one for the knowledge base when this is all finished.