...I've seen something similiar happen with intermittant operation then sudden failure with a damaged diaphram in the fuel flow divider of injected engines. The only evidence; minor fuel seepage from the drain line...something one probably wouldn't notice on a preflight.
That one sure brought back a few memories...
A long, long time ago in a galaxy far, far away I flew a Cessna 411 for a company in Las Vegas that used them to give air tours of the Grand Canyon. The company had just hung a factory remanufactued engine on it, in fact, it had just been returned to service and it was the first revenue flight. I had taken a full load of passengers to the Grand Canyon and was waiting around for the ground portion of their tour to finish up when our dispatcher called me on the phone to tell me that they wanted me to dead-head back to Las Vegas and pick up another group of passengers. Long story short, just after I had made my crosswind turn that engine did exactly what you mentioned - it suddenly just stopped. Period. It was a warm summer day at the Grand Canyon airport and the 411 wasn't known for its single-engine performance or manners.
I consider it one of those days when the angels were looking after me - the altitude that I had when the engine quit (400' to 500') was the altitude I had when I turned final. That airplane wasn't able to climb. To this day, I think that it would have been a very different outcome if those passengers that I had left behind would have been on board.
There was another interesting side to that experience. When the engine quit, I went through the engine out drill and feathered the engine then I turned back to the airport and entered downwind. I called the Grand Canyon tower and had no response. I tried two or three more times, again no response. I was getting a little miffed, when the tower controller called back and asked me to "say again". I told him that I had lost and engine and that I was declaring an emergency and returning to the airport. He told me that I was #3 emergency, following a Nevada Airlines DC-3 with an engine failure and a Scenic Airlines C-402 with an engine fire and to continue. (The Scenic 402 has the Allison turboprop conversion.) He had been on the phone talking with the center when I called. We were all basically converging on the airport at the same time. The Scenic 402 got to the airport first. I told the tower that if he couldn't clear the runway in time, I would offset and land on the parallel taxi-way. (The Grand Canyon airport just has the one runway and we occassionally used the taxiway when they did runway maintenance.) The 402 got down and cleared and I was able to land just as he cleared the runway. Just as I cleared the runway, the DC-3 came straight in, opposite direction, and landed.
Oh well, fortunately, days like that are hopefully just once in a career events.
LS