99 Forester with 182k lost all power doing 75mph on I-40 E of Albuquerque last night. Only 10 miles from home. Temp instantly pegged out, much oil smoke (was starting to look for the fire extinguisher) no flames. Called wife, she brought truck, towed home. Engine cooled, dumped gallon of water in, all came out from behind the timing belt cover. OK. I have not disassembled as yet, I am assuming timing belt, maybe ceased water pump, bent valves, dinged pistons. Reading these posts give the impression that with this much (possible) damage one should just get another engine. Would it not be as easy to replace the valves, fix the water pump and do the timing belt? Or is there more to this than I am led to believe. Let's hear your worst/best. FIY, start tear down tomorrow, late home from work tonight. To relate to the string, belt and tension pulley replaced at 106K.