My guess is bearing damage, crank is forced to turn, bang.
This does suck. I have rebuilt motors before. It depends on your comfortability level with tearing down to the block. It is doable, but depending on how much damage there is to the block, you may need a new block to start.
You might be able to find a block or even an engine that needs work that might be less involved, or if you are lucky has top end damage where you could use the top of your engine.
For me, it’s a combination of:
- Do I have another car to drive
- Can I handle the repairs needed
- Is the cost reasonable enough (this is a complex aspect - for me personally I hate waste so my tolerance level is quite high)
- Is the rest of the car worth it (interior, suspension, transmission)
So tough choice…
Ed