Well, at least partially. Expansion tank was empty, taking off the plug cover and spark plugs out showed a steam cleaned 1st cylinder piston.
Time for a new HG.
That's a ****ty thing to hear
I hope E85 has protected you from any further mechanical damage.
While we troubleshooted similar issue, we had piston skirt damage in one cylinder due to lean condition.
The devil is in the details, especially when you are running high boost applications on these old volvos.