Rebuilt Ford 360 cu pickup engine -- $4,000.
Overhaul on a Lycoming O-360 ---- $14,000.
Let's see.
Ford 360
Remove carb, alternator, ignition and other accessories and place in box, only if the customer was stupid enough to leave it all attached.
Disassemble, clean, inspect parts.
Bore block.
Machine crank and rods if out of spec.
Overhaul heads replacing parts out of spec.
Replace cam, lifters and oil pump if necessary.
Install new pistons, rings, bearings and gasket set.
Maybe spin oil pump to check pressure.
Crate and ship.
O-360
Remove engine baffles, governor, deice and other airframe crap and place in box, only if the customer was stupid enough to leave it all attached.
Remove accessories, taking pictures and checking serial and part numbers against logbook.
Disassemble, clean, inspect parts.
Send out hardware for cad plating.
NDT of almost every part.
Overhaul carb, fuel pump and ignition.
Overhaul case.
Machine crank and rods if out of spec.
Check every part against parts list, service bulletins and AD's, replacing if necessary.
Replace cam and lifters.
Assemble case using new gaskets and bearings.
Install new cylinders, pistons and rings.
Install carb, fuel pump, primer system and ignition.
Install new hoses.
Connect engine to test stand.
Test run for three to five hours. (more if helicopter or customer wants it broken in)
Cut open oil filter, inspect and replace with new.
Remove carb, flush fuel system and pickle engine.
Update logbook with all work done and every part replaced or recertified.
Crate and ship.
I'm sure I missed a few things.
Now let's say a cam lobe went flat under warranty.
Ford 360 - remove intake, valve covers, rockers, water pump and radiator. Replace cam, lifers and reassemble. One day in any shop, a few hundred in parts.
O-360 - remove engine, ship back to shop, complete disassembly and cleaning, document all parts, new cam and lifters, new main bearings, gaskets, check parts against any new SB's or AD's, hone cylinders and replace rings depending on wear, reassemble, test run, update logbooks. Three days in shop, a few thousand in parts.
How about liability? Engine making metal and quits.
Ford 360 - Customer mad, demands refund for towing, engine and install costs.
O-360 - Customer mad (if alive), airplane damaged in farmer's field (if lucky), demands refund for engine and install costs, sues for cost of damage and injury (if lucky) to each passenger.