I discovered why my 401 decided to do something similar while driving along at 55Mph...
Back then I hadn't learned about the distributor drive gear issue with AMC V-8s and compounded it by using a too-thick distributor base gasket AND leaving the hold-down clamp loose enough so I could adjust the timing with my hand. Mistake number one and two.
What this did was place even more pressure on the drive gears and slowly grinding them down to a knife edge.
While out putting around in the hills, the gears finally sheared off killing the engine. I replaced the distributor drive gear but not the one on the camshaft. That was mistake number three.
I also didn't pull the oil pan and clean out the gear fragments. Mistake number four.
So while I was heading home driving along all mellow, with a Nevada Highway Patrolman right behind me...the poor engine did it's grenade imitation.
After tearing down the corpse I found that the oil pump had been jammed with the gear fragments causing it's drive shaft to break. I don't know how far I drove it after that until it exploded, but am guessing around 18 miles. I had good oil pressure when I glanced at the gauge as part of my usual instrument visual sweep.
I will mourn with you over the loss of your 401 brother!
Jim