The boat is lying in Corfu, Greece and after some searching I found a superb British mechanic who had learned his craft back in the 80's on exactly these engines (in the UK they were used in trucks as well).
So in March / April he basically took the engines apart as much as he could, cleaned everything, sent the head off to a specialized shop. I took all the coolers to a specialized shop in the Netherlands. Then we replaced all the valves, valve seatings, valve seals, injectors etc etc.
The mechanic in the mean time cleaned the pistons, cylinder walls, even the oil pan was taken off (no idea how he managed to get it from under the engine, but he did).
It was the plan to also overhaul the minimecs, but he advised against it. As long as they are running fine I should not touch them, just keep changing the oil on time. According to him, and the shop in the Netherlands, overhauling minimecs is like opening a can of worms which you should only do when necessary. So that was good news and saved a ton of money.
The exhaust manifold was completely cleaned as well, the raw water pumps overhauled (new bearings, seals, cover plates, impellers, even repaired some corrosion on the shafts).
Lastly all the oil and water hoses were replaced, coolant tank cleaned on the inside, new thermostats installed (where the company in the Netherlands drilled a 3 mm hole in each one to prevent failing in the future), new fuel lines, new fuel return lines and then the engines were put together again.
Next thing I did was to filter all the fuel in the tanks 3 times by transferring the fuel, that was still in the boat, from one tank to the other and cleaning the tank that was empty before transferring the fuel back into that tank, while filtering as it was transferred.
The whole operation did cost a ton of money, but I did not want to take any short cuts with the engines. After all, they are basically the lifeline at sea, they need to work. Since the former owner had died and had not written down anything on paper, nor had he labelled anything, it was impossible to figure out what needed to be done.
So in my opinion there was only one thing left and that was to do as much as possible, short of taking the engines out completely.
I was lucky to find a mechanic who knows these engines inside out, that knowledge is priceless. He actually found out that the rocker assembly of the valves had been put together incorrectly by an unknown mechanic during a prior maintenance project. My mechanic told me that there had been a chance the rocker would have slid off the valve stem at high rpm with lots of consequences after that.
We are planning to spend about 7 months per year on the boat, travelling from island to island, which means lots of engine hours, so in all am very happy I did this maintenance and now the engines are running like new.
Now it is on to the next project (engine room temperatures) and many other maintenance issues that need to be addressed. But finding out the fuel consumption is important to me. It can tell me the health of the engine, but also makes fuel planning for a trip a bit more accurate.
Hope this answers your question.