I have submitted a call to PM, and they are in talks with the factory on the behavior. My table is moving precisely 1/3 the distance that the feed rate is indicating it should. The MEASUREMENTS are accurate. The feed rate calculation is off.
All of the garbage I posted above was me conflating spindle speed with feed rate...please forgive the noob...At this point I am thinking there is something up with the config that tells the DRO how to factor feed rate based on simple encoder step counting, or how it totals this on the fly.
Mark, Thanks much for running the test on your EL-700. Made me lose the red herring mentality and re-assess the problem I am having.