Hmm...........
I think you are being fed a 'big' pile of BS!
(There is this really old scam that happens when folks that know nothing come in with unknowns like yours. They put a squirt of oil in the radiator and show you the 'test' results, then sell you a new engine.)
A slight hydrocarbon trace in a cooling system does not happen from a big bang and stall.....
The head would have to be blown open or the headgasket blown right out to cause the Bang/stall (it is seriously hard to stall a 350!) and for the bang/stall to have caused that first, well.....
I don't buy it for a second....
You just had a bunch of unknown arms and tools all over the rear of the engine around the firewall. I really would be suspecting a wire knocked loose on the coil or distributor.
Just my $0.02,
Mike
86/00 CJ7 Laredo, 33x9.5 BFG Muds, 'glass nose to tail > Bad news !!!!! The shop did a block check ($75) and there is exhaust