Its nice to hear a satisfied owner,I just get fed up with fixing the rubbish/telling owners they need a new engine,(Often costs more than the cars is worth.)or it is several hundred pounds to sort it.The BMW engine is just not man enough and the v8 was OK at 3.5 litres,but is not consistently reliable at 3.9/4.0/4.2/4.6 litres - ie,all the 94mm bore variants.
I am a great fan of this block..in all its variations.
However, it has long been an accepted fact that the bore out to 94mm, was not structurally prudent..or at least not in the manner they did it. They reduced the block metal between the cylinders by 5.1 mm. They tried to compensate for the resultant reduced strength by shortening the coolant passage at that point, but they only created a weak hot spot.
As the molds aged, some had the coolant passage "wandering" from the center of the remaining metal between the cylinders, thereby reducing the metal between the passage and the liner to paper thickness, As emission laws forced thinner and thinner mixtures, the combustion chamber heat increased and expansion and contraction worked at the weak point, the blocks would crack there on many vehicles (mostly 4.6s), or dislodge a liner.
Near the end of this V8's era at LR, the company was forced to ultrasonically test each block. The best ones would be marked with a red marker in the valley and become 4.6s and the others would become 4.0s.
However, there is a happy continuation of this tale.
An excellent retrofit cure is the use of top hat liners. These are much thicker liners that effectively replace the porous cast aluminium and enhance the structure around the cylinders.
There also a newer and very welcome option. The latest suppliers of the these blocks have created a redesigned ,old and use better casting and finishing practices. They have resolved the issue between cylinders caused by the 94mm overbore and provide much better cooling at the key areas. These blocks are beautiful to behold. They are cast by a company called Coscast..which began as a Cosworth division. The engines, either 4.0 or 4.6 are called Coscast blocks.
Their price was quite high when they first appeared about 18 months ago...but they are very reasonable now. The interesting thing is that they permit a significantly wider bore and that opens up possibilities that a longer stroke could not provide. My guess is one of the racers will come up with a high rpm 6L LR V8 soon.
I do not suggest by this overlong post that pre-Coscast blocks cannot last a long time. They can. It depends on which of the many casts they used to make your engine, your use of the vehicle and your fueling.
In any event, there are long life solutions now.
P.S. There are some who believe that later versions of the engine suffer from leakage (in and out) of the cylinder walls and refer to it as 'porosity' in the block. They say it results in pressurization of the water system, water loss, overheating, hydraulic lock and engine death. I can't buy into that one. The cylinder walls (liners) are steel not porous aluminium.