I've a 2015 V70 D2 with that engine, and find it fine for most needs. Five up with two roofboxes to the alps with no problem at 55mpg. Two big labradors in the back love the space, loads of extras and has been perfectly reliable.
The engine is one of the most widely used diesels in production, in bmw minis, citroens, fords and so on, and the previous engine, the 16 valve, was very dependent on proper servicing or the oilways could get blocked. I've seen three cases reported of cracked engine blocks after overheating. There may be more, but millions have been manufactured.
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