I've got to be doing something wrong.
lodctr export from same command window as application runs shows it exists
[PERF_W3SVC]
First Counter=4378
First Help=4379
Last Counter=4640
Last Help=4641
Registry shows it exists. It is listed in
HKEY_LOCAL_MACHINE/SOFTWARE/MICROSOFT/WINDOWS NT/CurrentVersion/Perflib/009/Counter
Processor State Flags
4642
W3SVC_W3WP
4644
Total HTTP Requests Served
4646
Requests / Sec
4648