Yeah, keep one hand on the compression release the first time you start it again! My dad told me once he accidentally installed the fuel rack 180 degrees out on a big 6cyl Caterpillar diesel so that when the governor was trying to give less fuel it was pushing in more. He thought it got up to 4-5000 before he caught the compression release. He then got the privilege of replacing the rod and main bearings without pay.
I've had the
cover off my L175 (start at post #25) and it's not bad. If it's anything like mine you'll need to remove the governor plate just forward of the pump and the plate just below the pump on the right side of the engine. There are two springs in here you need to disconnect. Don't stretch the springs and you're good. It can be a little tricky to remove and reconnect the one that hooks to the bottom but a little ingenuity, a screw driver, and a pair of needle nose got the job done for me.
There is a spring loaded plunger on the cover itself, which I believe sets the idle speed but I haven't gotten around to adjusting it yet. You don't have to remove it but if you should you'll need to readjust it. The only other thing you may need to do is reseat the piece that connections the governor arm and fuel rack on the pump which can be done through the opening beneath and to the right of the pump.
My motor is a older simpler cousin of that power plant so your mileage may vary.