Sorry, SW VandeCarr, but you seem to be confused here.
You describe the situation as if the Earth was the source of Lunar illumination. It's obviously the Sun, and as such the terminator position is a function of Moon's rotation with respect to the Sun and not the Earth.
Libration has no bearing on the movement of the terminator across the apparent(non-physical) disc of the Moon, and is only a minor contribution to the movement of the terminator with respect to the surface of the Moon. It would be the dominant, and only contribution, if the Moon were tidally locked with the source of illumination.
The wikipedia article on libration has got a nice composite animation showing the monthly movement of the terminator as well as libration. This should help visualise the contributions of each of the two effects.
http://en.wikipedia.org/wiki/Libration
The bottom line is, you appear to have fallen victim to the age-old dark side of the Moon/far side of the Moon confusion.