Bones's remarks about the llife of the SC engine are spot on, it has a great reputation, probally one of the more reliable engines in a SC.
I had my own SC's top end rebuilt for a couple of reasons (@ 100k), firstly the oil return tubes where leaking badly, secondly I found a broken inner valve spring and thirdly the gear box was coming out (and therefore the engine as well) for first and third worn dog teeth gears (a common problem on the 915 gearbox) so instead of fitting collaspable tubes I decided to have the heads removed and overhauled, replacing the spring and any worn valves/guides. If anybody claims the engine has had a top end rebuild ask for the detailed invioce which should show what was replaced and that it was a true overhaul not just a gasket replacement.
My own experiance is that all the tuning books, magazines etc give the SC bottom end a bullet proof reputation due to it being based on the turbo 930 engine which obviously develops more power. How long before it will need rebuilding depends on frequency of oil changes in the past, how its been treated on start up and has it been driven as a Porsche should be, often and for a reasonable distance i.e throughly warmed up.
Rats
Bones, I assume you are talking metaphorically about the steam