It might be worth pulling a boot off to see just how oily it is inside the intake tract. I don't know if the 12V had a allen head threaded plug on the bottom of the intercooler or not, but if it does, pull it out and see if oil comes out, a "little bit" is alright but not ALOT. If you do find a significant amount of oil then the center cartridge on your turbo needs to be rebuilt. Just because it doesn't look oily from the air intake side means nothing.
Alternatively, an injector with a stuck poppet can cause your engine to run up, but it'll do it CHUGGING sounding like an old two cylinder john deere and not a smooth run up at all. If it is the rack sticking, there's a few things you can do. One is because we run ULSD now (thank you government...) that the diesel additives from the pump just arent enough for older diesels. Try a quart of regular old dexron atf with your next fill up right in the fuel tank, do it for several fill ups in a row. After the second fill up your sticking problems should be gone. Still want to run it for one more tank afte that. Caveat, the truck might have a "slight" haze to the exhaust but I doubt it'll be noticeable to you.
I fix these things for a living, and those are your low buck cheap tricks to try before I suggest you take things apart and I show you diagrams of what to look for that might be broken.
Also, if you determine it is the pump, you can stuff it in a box and ship it to me, I rebuild them for 300 without new delivery valves and 550 with new valves, rack plug, pressure spring and a fuel plate of your choice.
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