Dismissing pet clears all damage done to the mob. The aggro retained is merely contact aggro, and the damage done by the pet is wiped clean so long as you have not healed it or damaged the mob yourself. Reclaim the pet when your mob starts running, cast a new one and pull again.
As far as it being faster than a monk, that is true so far as you've got a good place that you're PLing, and as long as you don't suck at this game/your class. Can get levels in the 30's at about 30-50 minutes per level, if you've got a good spot.
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