a story from Dave Mc. and Graham B. about the cam failures.
there were a couple problems reported from BG with the early ZR1s in and the engineers wondered why; Graham B was sent in to investigate and find out why as GM had LOTS riding on the ZR1 project and hyped the quality quite a bit
they finally traced it to the following :>
on very cold mornings one of the workers at the plant was starting the car and warming them up by bouncing if off the rev limiter to move them around. a couple of cams siezed and caused problems. no one told her NOT to do it this way and most did just fine (which not many engines would!!)
so unless you are fond of this kind of abuse, I don't think you will have much to worry about. on rare occassions the LT5 can have a collapsed lifter, and even more rare lower end problems (a handful of failures in over 7K engines built) overall, the LT5 is one of the best built and most durable engines ever. read the Heart of the Beast and you will see this was GM's flagship and VERY well built. the engine has benefit of serious engineering and pride that went each of the LT5s. folks working on the car felt lucky to do so.
not taking any thing away from the LT4 is certainly the "best in breed" of the old style small blocks and very nice as well and a great bang for the buck.
but if you are questioning the LT5 durability, you need not, it's an anvil. I have owned 4 of them and never had one lick of trouble and I've blown up quite a few other engines racing.
the LT5 begs to be driven hard and comes back for more. just do yourself a favor, and warm it up a bit first!!!
no flames guys, some folks just don't know much about the "Heart of the Beast" hope this helps to enlighten.