I have an Ashwamegh 25/2, rated at 1000 RPM. So I originally installed an alternator pulley to match. What a mistake. The enigne isn't really ballanced to run at 1000 RPM, it was quite twitchy. It broke mount bolts and shuddered during slight overspeeds when load was reduced. I added and moved weights all around the flywheels to try to find a sweet spot, but the choices were up and down hopping with rocking side to side, or back and forth swaying with rocking side to side. Singles like your's wont have the rocking.
I got a smaller Alternator pulley, and started the engine, then turned down the governor until the engine was running at it's smoothest spot. (I should have tried that before I bought a new pulley!!) about 940 RPM was the best, really smooth. but I was still above frequency, so I continued to slow it down, ending about 735 RPM @ 60 Hz. Still nice and smooth, but 940 was better. However, it's nice to have some safety factor RPM in reserve.
I run a 12 Kw ST alternator. Now I can get only about 10 Kw out of it; the belt squeeks and the engine exhaust is smoking a bit. Still, it runs my house with power to spare, as long as I limit the load to only one major appliance at a time. So I can have all the regular lights on, heating furnace, coffee pot etc, and run the clothes drier, or the electric stove, or the electric water heater, or the air compressor. Like that.