In Australia, the TBO is the absolute law.... I believe it is 1500 hours they have a minor overhaul (heads off/no crank case splitting) then at 3000 hours, major service (complete overhaul including jugs and pistons... at 4500 hours, throw that motor in the trash... or, what actually happens is they are sold to you guys in the USA, or other countries who don't stick to TBOs.
I have actually heard of planes crashing because their perfectly good motor fails AFTER a TBO. One was a Tiger Moth on a (paid) joyflight over Sydney... the pilot said over the coms to the passenger "Hey! Do you want to stop for a meat pie and a beer?"... the passenger said "sure, why not"... so the plane landed on a football field in the middle of the city.
The passenger got out and said "Where's my pie?" and the pilot said "Sorry, I lied... we just crashed"
The plane had given years (over 70) of good service, but the perfect running motor "had" to be totally dismantled and rebuilt... the replacement oil pump was a dud and failed some 10 hours after the rebuild.
Had the motor not been disturbed by having a compulsory rebuild. it would likely have not failed
Luckily, the pilot was good, he managed to land the plane without damage in the middle of the city.
I agree... it should be "if it aint broke, don't fix it" I mean, compression checks, oil forensics (analysing oil samples), cutting open oil filters, listening for noises, vibration testing, crank run-out measuring wobble at the prop flange and thrust movement by pushing stationary crank in as far as possible, then measuring how far it can be pulled forward... can find out the condition of the bottom end without splitting crank cases for no reason.