An update to this machine;
Got new fuel pressure gauge - put on, ran briefly, still showing bottom of red on fuel pressure at idle. Ran up to operating speed, barely registered in red, estimating 3-4psi of fuel pressure. Original cat gauge was 0-15 from what I've read so something was obviously wrong. I only suspected the original gauge was stuck before, not that it was registering correctly.
I had just had new hoses made from the fuel tank and they were clear and had fuel the same time I put the gauge on (as a preventative measure since they were old and didn't want any leaks starting).
So I got to reading my service manuals and parts books and discovered the fuel bypass valve may have been stuck, or had trash under it, not allowing it to seat properly, which would have let it build pressure. I took the cover off where the spring, cup, and plunger are supposed to be at, to only find the cup! No spring, no plunger, at all. How this could have happened, my only assumption is that sometime in the past when Dad had this machine in the shop or apart, it got lost/fell out, whatever, and just didn't get put back in. That would have been easily 25+ years ago, so it's been this way a very very long time unless they somehow just dissolved in there. Dad was an expert at equipment and Cat stuff in particular for his entire life, but unfortunately in his later years he became more forgetful as the dementia and old age set in.
My parts book for the 51B series called for the following part #s in the fuel bypass valve parts;
7H9922 - Spring
8B8917 - Plunger. Regal Corp gave me a superceded part # of 2S4015 for this one. They had a new aftermarket one that they sold with the spring to me.
The plunger is not pictured very well/detailed in the parts book or the service manual. I was expecting a rod that the spring and cap went behind, and its more like a button with a point on it that the spring fits into the back of. But this is what I got.
In other unfortunate news, while I was waiting on these parts to arrive, the generator quit putting out power after hurricane Helene, and I had to go get a small portable generator to replace it. Engine was running, just no electric.
So in the next few weeks I'll put these parts in the bypass valve, see if that fixes my fuel pressure issue, and probably go ahead and pull the whole thing out from where it is into the shop and start working on diagnosing the power generation issue and dive deeper into the engine to solve the slobbering issue I guess.