It is hard to determine what is wrong with the car from our viewpoint. The sudden high revs indicate that a hose came loose allowing air into the manifold, or an injector broke and poured fuel into the manifold. The very high revs for a diesel could have destroyed the turbo, which then allowed oil to enter the exhaust manifold and created the white smoke.
That one piston is dead could have come from a broken injector. It is common for diesel injectors to become partially clogged depending on the cleanliness of the fuel. I suspect the injectors could be cleaned rather than replaced, most truck firms will know where to get injectors cleaned.
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My back feels better when I sit in a Volvo seat
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