To your arrow asking if that pin is the shutoff, the answer is no. That point on the pump is where the retard/advance happens in order to help start the tractor. The shutoff is further toward the front of the pump on the same linkage, and not visible in the pic.
Others will know better, but my opinion is that if you have fuel to all those spots and are squirting fuel out of the injectors at that rate when you crank it over, then your timing is off. If it has that kind of fuel, and is being cranked fast enough, then it should run. I would look elsewhere for timing issues if it were me. Sorry if that is not as helpful as you had hoped.
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