Got the multimeter out. The RD/LG wire at the BPP is normally 0V, then 12V with pedal pressed.
The RD/LG wire at the CPP follows whatever is happening at the BPP. The TN/LB wire will read 0V when no pedals are pressed, 12V when brake is pressed, then 0V if clutch is pressed at same time as brake. So that switch is normally closed.
This all agrees with the Speed Control wiring diagram and demonstrates both switches are working. However, I'm still confused as to how opening the circuit at the CPP is supposed to kill cruise when 12V from the BPP is what shuts it off. It seems the TN/LB wire needs to receive 12V to kill cruise. It gets 12V at the splice when BPP is closed. But if there's 0V at the CPP without brake pressed, how would opening a circuit do anything?
In the case of my Mounty, it doesn't do anything (to shut off cruise that is), which at least makes sense electrically. I guess the real question is: is there something else going on in the factory manual harness that isn't reflected in the wiring diagram?
Could cruise be cancelled by "anything but ground?" I'm imagining if the splice were located and removed, the TN/LB wire would run from the CC servo to the CPP and would be connected to the RD/LG wire when the clutch isn't pressed. The RD/LG wire would run to BPP and be normally grounded. One series circuit. So if the CC servo is grounded, all would run like normal. Give it 12V and it knows brake was pressed, cancel cruise. Open the circuit (no longer grounded) and it knows clutch was pressed, cancel cruise. But would/could it actually be set up that way?