2 stroke, Optimax or 4 stroke. All were produced in 2005 and all have slightly different guardian systems.
In general the guardian is sensor driven.
When you say "apparently going into guardian mode" what do you mean.
Guardian has a horn and (at least a feed for) a light/indicator - those will go off/illuminate for certain conditions.
There is also a (component) that will restrict rpms - out of oil, oil pressure, over heat etc.
If it restricts rpms it's really thumps them down - for some things - oil pressure alarm/restricts rpms to half of max, low oil pressure (4s)/10% of max rpms - Opti's, 3000 rpm, low battery (4 stroke)/75% of max rpms, low battery (Optimax)/3000 rpms max, overheat 50%.
And no, without a DDT it is difficult to troubleshoot either a sensor or engine computer issue.
If you "unplug" one of the sensors the ECU will "pretend" it's there and use a "canned set" of parameters that it figures it would have got from that sensor had it actually been there.
And to your other question - each time you key up (turn the key from off to on), the guardian resets and runs it's check. So if it's going off it's because a condition "exists right now", not like the check engine in your car that can stay on for multiple cycles even if the fault has cleared.
But like your car, even if the problem clears it will be stored and can be retrieved with the code reader.