Disk Utility is not installed on your Logic Board, it is an integral part of OSX. Upgrading to Mountain Lion will simply update OSX to the latest version and is installed on your HARD DRIVE.
It makes no difference to reverting back...If you want to do that, you would simply wipe your HDD and re-install Lion. Disk Utility is part of an Operating System...Nothing except EFI updates are stored anywhere on your Logic Board.