I recall seeing something about using the more modern, high efficiency, high reliability auto engines - like 4-cylinder or 6-cylinder aluminum block Honda or Ford engine. they are quite lightweight for the power, and the weight of the coolant does not add that much. the fact that modern car designers are obsessed about weight too is a plus. Modern engines are far more reliable, and incredibly lighter, and more fuel efficient, than a 302ci iron block from decades ago.
Another point is that traditional auto design puts the crankshaft and output (and oil sump) at the bottom of the engine.
Aircraft engines must be able to run at more interesting angles than auto engines, considering fuel and oil flow. With modern auto fuel injection systems, this is less of an issue. Likewise, electronic ignition is much more reliable than it was a few decades ago. Aircraft engines had (have?) dual ignition systems, two spark plugs per cylinder, to ensure that a bad cable or distributor does not kill he engine.
As mentioned, auto engines are designed for a lower duty cycle and higher RPM. There is no stop-and-go traffic in the sky, small aircraft typically run for hours at 80% to 90% of full power; tootling down the highway at 65mph is the heaviest use of an auto for extended periods, probably uses about 50% of a typical auto’s full power.
Car engines at peak horsepower turn much faster than aircraft engines, so a gear system is needed. Propellers tend to be efficient in the 2000 to 2500rpm range. Fortunately, this conveniently solves two problems. The “gearbox” is a pair of aluminum wheels and a cogged rubber belt, large wheel above the small one. This reduces the RPM and raises the center of the propeller higher above the ground.
Aviation tends to use a different octane of gas than cars. Not sure what the process is for changing this, and not sure if small airports sell auto gas nowadays.
Aircraft engines meet incredibly tight manufacturing and maintenance standards. Your engine must be inspected every 50 or 100 hours of use, often a top overhaul after 1000 hours and a rebuild after 2000. One of the tests is an oil analysis to see if metal particles are being created inside the engine, but the rebuilds are a preventive measure- they can’t wait until it fails, the typical fix for cars.
The rebuild for aircraft engines involves replacing the cylinders, since in a VW-like flat-4 each (aircooled) cylinder jug just bolts on. Not sure what the equivalent would be with an auto-like engine - rebore and fit bigger cylinders and throw away after 2 rebuilds?
Also, given the cost of maintenance, a single engine makes more sense than a twin. the Cessna Skymaster 337 is a push-pull configuration; any other setup, like one engine on each wing, adds flying complexity. Control in the event of an engine failure is tricky, since the plane wants to turn. A coaxial drive (one driveshaft around the other, two propellers out front) is an unacceptable level of complexity in a small plane. Since each engine must be capable of flying the plane by itself, why bother? Just put in one good engine and make it as reliable as possible,
As a side note, a large number of engine failure set-downs are due to fuel supply problems not maintenance. Pilots manually switching tanks and failing to flip the lever all the way used to be a notorious killer.
Another side note - aircraft parts are required to be manufactured, tracked and certified under strict controls. The manufacturing processes are heavily regulated. Which batch of steel, quality of the processes, etc. are carefully checked. If NAPA Auto Parts sells you a drive shaft or valve stem that breaks, or an alternator that burns out too fast- well, pull over to the side of the road, get towed and have it fixed. Can’t “pull over” in the sky.
Unfortunately, this has resulted in a “counterfeit parts” problem. Bigger, more expensive aircrafts’ parts can go for tens of thousands of dollars. (Even a Cessna 152’s carburetor, IIRC, was thousands). As a result, shady business make part that look like and are packaged like the original, with fake serial numbers, but are made with whatever unreliable materials are at hand. IIRC, Gary Powers, the famous U2 pilot, was allegedly killed in a helicopter crash in LA because a fake part in his helicopter failed.