I've never heard of or seen a snapped M30 timing chain. They are not a service item at any mileage according to any manual I've seen. There are guys on MyE28.com with 300 - 400k miles on stock internals. The things that usually need service are the chain guides and tensioner, and since replacing those requires removing the upper and lower (pita) timing covers, you might as well replace the $18 chain while you are in there!
If a chain were to fail, I doubt it would kill the engine. The thing people don't understand about M30s is that they are freaking indestrucable. I had an overrevved M30, it was so bad that the valves cut grooves into the tops of the pistons! Reportedly the driver was going from 4th to 5th at over 100mph and accidentally hit 3rd gear. Suprisingly, the motor ran and none of the valves were even bent!! The bottom end checked out, it was reasembled with a new head (the old one had cracks around 4 exhaust valves, that were unrelated to the overrev... and it did get new valves
), and the motor ran beautifully. Now it sits in my dad's 1979 633CSi and has well over 230k on it. He drives it every day to work about 25 miles there and back and it's as strong as one could hope for.
If a chain were to fail, I doubt it would kill the engine. The thing people don't understand about M30s is that they are freaking indestrucable. I had an overrevved M30, it was so bad that the valves cut grooves into the tops of the pistons! Reportedly the driver was going from 4th to 5th at over 100mph and accidentally hit 3rd gear. Suprisingly, the motor ran and none of the valves were even bent!! The bottom end checked out, it was reasembled with a new head (the old one had cracks around 4 exhaust valves, that were unrelated to the overrev... and it did get new valves

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