[quote:d925993ebb="dougola"]I said this awhile back but it bears repeating. If I find metal in my oil the engine is coming apart. I don't think the magnet will pickup bits of metal that the bearings are made of, but if it does there's a good chance that the engine will already be letting me know it has a problem.[/quote:d925993ebb]
The bearings should not even touch the crank when the crank is turning. There is always a film of oil between the crank and the bearings. Usualy the metallic particles will get suspended in the engine oil, thus the function of the detergents in the oil. As the oil gets darker, more and more particles are suspended in the oil not allowing light through it and causing the oil to be dark visually.
I have magnetic drain plugs in all of my engines and most of them are usually clean and it does sometimes catch metal but from where I don't know. The magnetic drain plug will not prevent engine failure but in engines every little bit counts.
Just my 2 cents
