Just for my own morbid curiosity how common is the cracked cylinder walls? That's the issue I had run into, and it was only as a fluke someone sent me a link to a end of season teardown that had the same issue. Other than that I hadn't heard of any on iron block modulars.
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I see it about once a year on average, personally, not read on the internet. Its more often than you might think. The ones I have seen and tore down were not making huge power either. Your normal run of the mill twin screw bolt on power in the 600s.
Put it this way. I have seen more Iron block cylinder wall cracks, fried pistons and bad oil coolers than I have seen head gaskets. I have seen ZERO headgasket failures on untouched 03/04 Cobra engines, and I work on these cars alot. The only time I have seen a headgasket failure (not including Boss Block stuff) was due to improper assembly when the engine was apart. Heck I have cars out there on stock longblocks running 25-29psi on twin screws for upwards of 10 years now and have not lifted a head or pushed out a headgasket.
This is the worst one I have seen, which was actually my personal car but have dealt with many more.
It was pushing so much coolant into the cylinder it basically stopped lubricating and caused the engine to lock up and then this happened....
Symptoms were the same. Car would use a slight amount of coolant after boosting. Then it started to get worse and would push coolant out of the cap when boosting. Then one day cruising, it finally said I had enough.....