Disconnect the governor spring and throttle shaft link rod (that goes from the governor arm to the carb), start the mower, manually increase the engine speed by opening the throttle valve, you should see the governor arm move towards the closed position as the engine speed increases.
The governor and governor spring are in a tug of war, the governor tries to slow the engine, while the amount of tension you put on the governor spring via the the throttle cable tries to open the governor, and in between that you get a constant RPM.
View attachment 58242