>>>what do you believe TBO is, or represents?
Along those same lines, what do you think an overhaul is?
A lot of pilots are surprised to learn that an overhaul is merely dissasembling an engine, checking to see that the parts are not worn beyond certain limits, then reassembling it. It is theoreticlly possible to dissasemble a 2000 hour engine, find that all parts are within service limits, and reassemble the parts. What you have now is an engine which has 0 hours Since Major Overhaul (SMOH) and there is absolutely no difference between that engine and a 2000 hour engine which has not been dissasembled. (except for new seals and gaskets)
Many pilots are surprised to learn what a "zero time" engine really is. There's a myth that a zero time engine is almost like a brand new engine. Nothing could be further from the truth. What the factory does is dissasemble a lot of engines and throw the parts in big piles, then when they assemble a "zero time" engine, they just grab parts at random, and reassemble them. You get an engine made from 2 case halves which you have no idea of the total time in service, or what it's history is. They could have 2000 hours, or they could have 12,000 hours All you know is that it met or was repairable to service limits. You have a crankshaft which you have no idea how old it is, or if it had a propstrike. It could have 2000 hours, or it could have 20,000 hours, It might have had multiple roto-tiller episodes. You don't know. All you know is that the crank met or was repaired to service limits. People think that "zero-time" means almost like new, when in reality, the reason it is "zero-time" is that it is such a mish-mash of parts of unknown histories, it is impossible to assign a reasonable total time in service to the engine. So, they call it "zero-time" and fool everyone into thinking that it's almost as good as a new engine. It just ain't so!!!
I'm in the process of rebuilding a small 4 cylinder Lycoming engine for my personal use. It has not yet reached the first TBO. I've owned the engine for a good part of it's life, and I know previous owners, and have a pretty good idea of how the engine has been taken care of and what's happened to it. I know that the crank shaft is in excellent condition, as far as I know there's never been a prop strike, and the bearing journal dimensions and runout were all at new limits. The case is in good condition and I had it reworked at a shop with a good reputation. I know the condition and age of everything that is going back into that engine. I am not overhauling the cylinders. I replaced all 4 with overhauled cylinders 175 hours ago, they're in great shape, I had them checked, cleaned up, and yellow tagged by a cylinder shop. Because I'm not "overhauling" the cylinders at this time, it won't be an "overhaul" of the engine when I get it back together. I will say that I would much rather have my un-overhauled engine, which I know contains good parts, than a "factory zero-time" pig-in-a-poke, and I'll happily and cheerfully run my engine waaaaaay past TBO.
regards