If you didn't first turn the key to the "off" position, then the PCM would not have activated the glowplugs. This could cause the observed increase in cranking speed.
Does the tachometer register anything when you're cranking? If so, then the CPS is probably functional.
You can check the fuel pressure with a tire pressure gauge at the Schrader valve on the side of the filter cannister. It should be around 50psi. (you might want to wrap a rag around the valve as you do this to catch any spray)
Another problem that can cause symptoms like this is a malfunctioning IPR. It's located on the bottom back left side of the high-pressure oil pump in the engine valley. Make sure the solenoid is secure on the spool valve (there's just a thin tinnerman nut that holds in on) and that the wiring is in good shape. I lost the tinnerman nut off of my IPR once, and it would stall regularly when accelerating up hills and into intersections.
-RD