you are absolutely correct.
a diesel engine will burn around .35 lbs of fuel per horsepower per hour, give or take a bit. so:
it doesnt makes little difference if you have 4 cylinder making 10 hp or 1 cylinder making 10hp.
and once again i would not recommend disabling any cylinders on a 4 cylinder diesel, it is not the same thing as a gas engine as the compression ratio on the diesel is roughly 2 to 3 times that of a comparable gas engine. You are running the very real risk of breaking a crankshaft!
disabling injectors on a direct injection system is not just a simple matter or unplugging wires either.
i have been a hd diesel mechanic for 30 years now, and have certs for detroit diesel, cummins, cat, and mack, i also work on a variety of smaller import diesels, such as isuzu, mitsu, volvo, etc.
if you want trouble, just start removing pistons, and disabling cylinders.
my opinion for what it is worth
bob g