Well, I realized that I had loosened the glow plugs. I had this moment of hope -- hope that I was simply an idiot, and that tightening up the glow plug and rerunning the test would make it all right. I was looking forward to admitting my utter stupidity, but having an engine I didn't have to more to. No such luck.
I may still be an idiot, but tightening the glow plug didn't make a difference.
I ran the test again, with the tightened glow plug, and found I have a steady stream of air coming out the exhaust. Am I correct in assuming that this means my exhaust valves are likely toast, and that I should proceed with pulling the head?
Assuming so, does anyone have any tips for taking off the exhaust manifold? The FSM seems to imply that you can (after removing the support bracket) simply slide the turbo and exhaust manifold off the studs as a unit; however, there's a nut hidden behind the turbo that I can't get to. Has anybody managed to pull the exhaust manifold without first removing the turbo?