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I guess it also depends on how much they recycle from the old engine. The turbo, intercooler, radiators etc and some electronics are often kept and mounted on the new engine block. So you cant always say you got a completely new engine.
I work with heavy trucks and we get engines replaced now and then. It's not always a perfect experience. There's always some loss of function, some electronic feature not working properly. Last time they put in a new one, they got dust into the turbo and we blew it too some two days after replacement.
Still, replacing seems better than renovating one, replacing pistons, head gaskets etc. That thing never works out well and just feels like prolonging the life a little while for a dying patient.
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