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My 89 740 GL at 416K finally blew the head gasket. So now comes the decision to either fix it or send it to salvage. It doesn't look like to big a job but if the head is warped it may be the final straw. Car is in great shape but if I just do a headgasket it may last another 50K as it has the old wrist pin knock for years. I'm thinking about the next move . I assume OEM Volvo head gaskets are the way to go.
Worst case scenario, replace the head, or put a salvage engine in it and motor on. Engines can be had for $500 or so dollars. That is way too nice a car to scrap.