Well - I finally had a chance to adjust the valves earlier this evening. Most of them were in excess of .008", but the intake on cylinder 1 was real tight (less then .005, which is the smallest blade on my feeler gauge). I adjusted them all to .006" and was hopeful I had actually solved something.Thanks to all for the great ideas. It's going to take me a few days to get some additional tools and try a few more things. I'll keep everyone posted on my progress. I know it is frustrating to see a thread like this that has no closure and just keeps everyone hanging...
It worked a -little- better, as I got nearly 30 minutes out of it until the problem reappeared.
Perhaps I should have adjusted them towards the upper end of the range (~.007)?
I paid a little more attention to the engine speed at both ends of the throttle limit this time. With no load -> When it is cold, it idles at 1200 rpm, and WOT is about 3500. When it gets warm and the power loss issue manifests itself, it idles at 900 rpm (almost stalling), and WOT is ~3300. I'm not sure if this additional information helps with the diagnosis or not.
I still don't have a compression tester, so haven't pursued that angle that yet. I assume it would be best to test through the glow plugs? I really don't want to take out the injectors again, as I had troubles getting them sealed back up after removing them the last time.
The saga continues...