i had this exact looking thing happen to a 1974 honda cr250 dirt bike that sucked in a small amount of water, going through a creek. upon dissassembly, there was maybe a quarter cup of water in the bottom end. you mentioned you cut in the rain alot. could this possibly have hydraulic locked, somehow? just a wild guess. my other wild guess is a flawed/previously cracked casting, and with the rebuild, the higher pressures simply caused the failure.