My limited experience with geared engines:
On a C175 with GO-300 engine the rpm was engine rpm.
On a C421 with GTSO-520, the rpm was Prop rpm.
On a Rotax 912 in a RV-12, the RPM was Engine.
We have done this twice. The first was about 5 years ago with a Garmin 430 in a C172. We discussed the install with our FSDO who encouraged us to install the unit and call it VFR. Then do all the testing and a field approval. We built up the wiring harnesses and did the install, did the...
We run two C150'sa and an Ercoupe and have had similar experiences a number of times. Usually it is a sticking exhaust valve, and usually due to carbon/lead build up in the valve guide. Google "Rope Trick O-200" and
you will find how to clean/Ream the exhaust valve guides.
The new ECI titan...