As Dave noted, the smaller displacement tractor engines are designed/rated at fairly high RPM and some are used with a 3,600 RPM governed speed in generator service. Increased noise and decreased operating efficiency are tradeoffs running at this speed but it allows a smaller displacement and thus less expensive engine to provide the rated generator power which makes it attractive to consumers.
I have a 40KW standby generator powered by a Mitsubishi S4S DT (3.3L 4 cylinder turbo diesel) and it is very fuel efficient running at 1800 RPM and is fairly quiet. But in other service (also commonly used in forklifts), rated RPM for this engine is 2500.
These smaller diesel engines were designed to withstand their fairly high RPM operation so although it may seem "fast" for a diesel, that is the design parameter. Above a certain RPM, the torque will start a steep drop but within the governed range of these small displacement 3 and 4 cylinder diesels it isn't going to experience an unusual increase in wear because it was designed for that operation.
I have owned several GMC pickups with the 6.6L turbo-diesel and these engines have a lower governed RPM under power but allow for a higher RPM for engine breaking. In early years, the tachometer had a mark for governed RPM under power @ 3450 with a shaded area up to around 4,500 indicating the area where it would run up to during engine braking operation but that was discontinued due to customer confusion so those markings are now absent from the vehicle display.
A F2690 (front mount commercial mower) I took delivery of last month is the first Kubota product I have owned. So far I have operated it for a couple of hours mostly chopping up some late falling leaves to give it a light break-in and I am happy with it. But compared to the owner's manual for my Deere compact utility tractor (a 955), the Kubota owner's manual is poorly written and lacking in detail. The manual is silent on operating RPM and with the digital display there is no rated RPM mark. The separate manual for its 72" mower deck simply states to operate the engine at full throttle.
So I am following the same basic method I have used for years with my Deere 955 compact with its 72" midmount finish mower and engaging the PTO at slightly off base idle speed and then increasing speed to near governed RPM for mowing and then dropping back to idle before disengaging. I will adjust as needed once I get some mowing time in with it this spring.
And on edit, this is the fuel consumption chart for the Mitsubishi diesel in my standby generator that shows how operating efficiency falls off when it is outside of the optimal operating range.
Rodger