This might sound stupid but how much play should there be in the coupling, the flexible pad bit... I've go about one or two mm in either direction, is that too much??
Never measured it but I think mine probably has this and runs OK, perhaps a little less between disks, if rotational make sure the slack is taken up in the drive direction before checking or retiming the pump.
Best regards
Rick - Bogside on Bure
1958 Diesel E1A Mk2 s/n 1470165 - still in working clothes
The pump presents pure drag (as far as I know) so increasing coupling slack will retard the point of injection. have you checked the timing ? I would think it would have to drift further than described to make smoke.
As a rough idea, if you take the coupling as roughly 60mm diameter the circumference is going to be about 180mm so each mm at the outside edge equals about 2 degrees of movement, if timed at the mid point of the slack this reduces to 1 degree.
HTH
Best regards
Rick - Bogside on Bure
1958 Diesel E1A Mk2 s/n 1470165 - still in working clothes