In the current AOPA e-newsletter there is a link to a blog and June 17,  
2009, article by Bruce Landsnerg, President of AOPA Safety Foundation.   
The headline is "Engine Overhauls – Arbitrary or Necessary?"

        http://blog.aopa.org/asfblog/? 
p=197&WT.mc_id=090807epilot&WT.mc_sect=qzm

He asks:  "When should engines be overhauled? Some believe that the  
engine manufacturer’s recommendation are loose guidelines and that your  
mileage may vary greatly. Others adhere to them as gospel and treat  
them as mandatory. Times typically run between 1,500 and 2,500 hours  
and there’s usually a calendar factor of about 12 years so the guidance  
is for whatever comes first. Piston aircraft engines are extremely  
reliable when properly maintained, when flown regularly and correctly.  
You can see some important qualifiers creeping into the discussion.  
Some of the most outspoken advocates on both sides of the argument are  
extremely knowledgeable which means we best look deeper."

My "take" is that overhaul is NOT mandatory for a private  
owner/operator at the 1800 hours Continental recommends, but
to safely go beyond "TBO" requires serious monitoring and risk  
management techniques...check your insurance policy  ;<)

Regards,

WRB

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