Hi Pieter -
That has happened to me before - I change the motor caps and the speed problem remains. Makes you mad I am sure. Troubleshooting this can go in so many directions that it may be almost pointless to try to do so over posts here, without being able to see the deck and play some test signals (but I will not let that stop me!). If you are so inclined, I would check the playback variable resistor to make sure it is working as advertised. Those tiny pots can go bad easily, depending on manufacturer (and they also go bad if you apply too much mechanical pressure to them - they are fragile and meant to be adjusted gently with a plastic screwdriver). If you have a good deck as reference, record a 3000Hz tone from the web (many web sites offer test signals, or you may own a CD or LP with test signals - the signal does not need to be 3Khz, though that is what is typically used - just need a reference, can be anything really, preferably above 1000 hz) and play it back on your Technics - this will be your "reference speed tape" for calibration purposes. Using you DM254 set to "Hz" and connected to one of the outputs, see what number you get (based on your description of symptoms it may be running at 3100Hz or 4000 even. Adjust the playback VR and see if it makes any difference - it is was at 4000 it
should go up and down by a few hz as you rotate it. If not, I would check that VR out against specs - or, if you want to be get creative, figure out a way to slowly add resistance (use small value resistors or an additional variable resistor) in series to the existing VR until the DM254 reads close to 3000 hz. Not ideal but could get your deck working again. Remember, half the fun is fixing the deck!
Another suggestion: contact a friendly master tech. I can get Sam Palermo's contact info, or Nakdoc, teh Nakamichi master. If you are diplomatic enough, they may have suggestions (these guys have a backlog of repairs measured in months/years, so they are not shy about avoiding having you send them a deck that can be an easy DIY fix).
Good luck!
OBG