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This is one total I would probably not fix. The damage is probably too extensive to fix it at any reasonable price.
OTOH it is a diesel so its possible there is not that much wiring in the area it was burning to damage. I guess I'd take a close look.
The possibility of hydrolock bending a rod is also there, and the post above about removing the glows or injectors and cranking to get water out is a good one. Then if it seems ok put a teaspoon of oil in to keep it from rusting and put the injectors back in.
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[SIGPIC] Diesel loving autocrossing grandpa Architect. 08 Dodge 3/4 ton with Cummins & six speed; I have had about 35 benzes. I have a 39 Studebaker Coupe Express pickup in which I have had installed a 617 turbo and a five speed manual.  [SIGPIC]
..I also have a 427 Cobra replica with an aluminum chassis.
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