I've had to do a few of these type tests. To do this right and not damage anything you would need to provide a lot more details, like size of the units, what other protections are installed and/or enabled, if all the units are the same size (rating)and how your overall system determines how a bus is "healthy" or not and how it takes action.
I have gone with Basler's advice and demonstrated the action of the OEL by using a lower settings and showing that the OEL response followed the published curve in the manual. The published test for the OEL is in section 6 of the manual (page 19 in my copy).
I have also "bench tested" a single DECS200 into a dummy load after developing a test plant that was approved by the customer and inspector. Setting up a bench test for these regulators can be a bit of a pain, but can be done. One thing you must be careful of, DO NOT OPEN THE FIELD UNDER LOAD! It is the single biggest cause of failures for these type regulators, they don't tolerate it well at all and in most cases it kills the field output driver. 90% of the DECS family DVR's I have replaced are due to failed field outputs, always associated with a problem (sometimes intentional, like installing a field relay or breaker)in the field circuit.
Driving a generator on an island system, like your vessel's electrical system, into an actual over-excitation event without something to consume the load will cause the voltage to rise up, can be pretty high depending on where your setpoints are. Does your system have over-voltage protections installed? Will you be able to disable them for the over-excitation testing? What are the over-voltage limits of the equipment on your bus?
I tried doing a test per Bill's advice above, but with an older series of the DECS regulator, it consumed one of the regulators, and I'm not sure of the exact reason, and in the end it was unsuccessful because we couldn't hit the setpoint target to the inspector's satisfaction. If you use the suggested procedure and heed Bill's advice about reducing speed, make sure the V/Hz feature(UFRO)is disabled before you test.
A final comment, based on my experience, mostly with engine driven units between 500 and 5000kW in most all kinds of applications, over-excitation events about half the time are due to a regulator problem, and while the newer digital AVR's are pretty nice and have a lot fewer problems, if they do fail you likely also lose your protection. If you truly have a critical system then I would expect that "Advanced Generator Protection" would be desired, like a good quality multifunction relay properly set and tested.
I am a pretty big fan of the DECS family of regulators, but that said in most cases we use little or no protection functions in them, except sometimes in a "backup" type of role.
Hope that helps, MikeL.