Cliff, there was a thread last year talking about this, it does seem there is a speed-related governor on some of the trucks at least. There were a couple posts saying 112mph it starts to defuel but who knows if that is true or not. I can say for sure with my truck, especially since adding the DD2s, I can definitely feel it cutting back right after I pass 110. I've been up to 118 both when my truck was stock and now with the DD2s. It acts like that is as fast as the ECM will let it go, even though I am a good 200rpm below redline.
As far as HP above 2700rpm, on the dyno at Diesel Thunder in Spokane, my HP didn't take a serious dive until after 3300rpm.
Vaughn