The total loss of engine power due to a fatigue failure of a crankshaft counterweight mounting lobe, which resulted in a counterweight separation and catastrophic secondary damage to the engine drivetrain. Contributing to the accident was the mislabeled warning light, the pilot’s erroneous belief that the airplane was safe to operate after the metal contamination was observed in the oil filtration system, and his failure to maintain best glide airspeed during the forced landing, which resulted in the airplane exceeding its critical angle-of-attack and an inadvertent aerodynamic stall at a low altitude.