It's really a crapshoot either way. I just bought a Super Cub that had been a pipeline patrol plane most of its life and was very high time. It had been "rebuilt" once about 13 years ago, and last year the fuselage was stripped of the covering, and the airframe stripped to bare metal, epoxy primed, and recovered. You'd never know by looking at it that it has over 29,000 hours
The engine was overhauled as a condition of the sale and thought I was doing the right thing in that regard. Once back in the air, I was never happy with the engine. It seemed to vibrate more than i thought should and for a while I thought it was the prop causing the vibration. Had the prop checked out by a prop shop, no change. Tried a different prop same model, no change. Tried a brand new Borer prop that everyone swears is smoother than the Sensenich. This time I could tell that the prop was running smoother, but since it was so smooth, it really highlighted the engine vibration. Next, I went through the trouble of swapping out the entire engine to see what that would feel like. The other engine ran fine with none of the vibrations that I was experiencing with mine...and that was a 1800 hr. engine had been sitting in a hangar for 15 years, not even pickled!! At that point I knew something was wrong with mine and sent it back to the engine guy.
He tore the cylinders off and found scoring on all 4 cylinder walls, really bad scoring on one. Cylinders were sent for evaluation and they determined that it was FOD damage not related to the cylinders, so they won't be covered under warranty. Before I learned all this, I had sent them the results from the oil sample from the second oil change (hours 10-25) and it was clean. I took the engine off 3 hours after that oil change and they are claiming that all of this happend during the last 3 hours...of course the engine guy agrees with them so he won't be liable for damages. It looks like I'm on the hook for a "reoverhaul"
Anyway, the moral of the story is that it all boils down to luck...