Replace the IMS so you don't have to worry about a 5-figure engine replacement. Aside from the IMS and a few other relatively minor things, these cars are pretty reliable. I wouldn't worry about the small stuff like water pumps or AOS, but the IMS is just too big to ignore. Of course, it may never blow up, but the chances are high enough that you need to ask yourself whether it's worth a couple of thousand up front to save you from $10,000 and a huge headache if it does blow.
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