Cam gears are prehaps the weakest point on a B18/B20 engine, but they aren't -terribly- weak. Stock cams/valves on engines driven normally shouldn't have too much problem running high miles with one. Double valves, high lift cams, high revs all put more stress on so shorten the life. I'm still not sure if they have a 'half life' per se or just occasionally fail with little predicatability. I personally have only ever had one fail in 20 years of driving around B18 and B20 engined Volvo's, despite rebuilding a couple high mileage engines and reusing the cam gears. The one that failed was in my PV's '63 B18 engine with an 'A' cam. (I got the car with 22,000 miles showing, to the best of my knowledge that is 122,000 miles). It had an older style larger splined metal hub - and the fiber gear separated from that completely. It kept running for about 50 miles - finishing the trip I was on (a couple of hours of fairly high rpms immediately prior to the failure). When I took the timing cover off the gear fell out. My thought on that is that the car sat for 15 years unused, perhaps the fiber gears 'dried out' and slightly shrank away from the hub. They lasted about 1500 miles after I got the car running again.
I'm running fiber gears in both my 2.2 liter PV engine and the B20 1800E engine without losing sleep. If the gear gives way in the future it won't damage anything other than getting some fiber gunk in the pan.
I've heard new steel gears are available from the Volvo dealer. If not new sets are available from KgTrimning for about $180 - both gears, seal, gasket, thrust plate. Actually - that's probably a little more than $180 now - the dollar seems to have been slipping against the Kronor - and those Swedish parts sources are losing some of the appeal pricewise.
Ouch - just checked the current currency conversion and it's now $212... :(
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