TheBoy I have been driving MGF's for 18 years now, my first had the head gasket done at 27,000 miles. I got rid of the car on 136,000 miles. Only time it ever let me down was a clutch failure at 110,000. Never used oil, or water, I used it for work on the odd occasion, some days doing 500 mile round trips.
My last Trophy had the HG upgrade at 63,000, and the car went at 126,000, as my son wrote it off. I had a timing belt snap on this one, bent a few valves but never wrote the engine off. Car never used oil, or water. Again I could jump in the car, and once did a 1,000 mile round trip without a hitch. As Rich found, the XE Ingenium is definitely not a safe engine, total write off with chain failures, even if some parts survive, spares are hard to come by. When mine failed, no warning noises until 2 seconds before failure, it just went. up to that point, quiet for a Diesel.
The Trophy I have now, don't know if the HG has been done, as it had little history. I have only done 12,000 in the 3 years I have had it, uses no water, or oil. Starts first time, and I would say more reliable than any Jaguar XE, it has no electrical/software gremlins as it is 22 years old, and pretty basic. Yes very uncomfortable over bumpy ground, but unless you have one of the beast XE's or XF's it will show you a clean set of tail pipes. It accelerates as quick as my XF, and sticks to the road like glue, so yes plenty of fun to be had. It will also be worth more than I got for my XE in a few years.
In 18 years and thousands of miles in MGF's, never had a stat failure, my main issues have always been coil packs, so simple things.