Hi Doran
Mikes right if your going to strip it down to check what type of tensioners you have, your as well getting the top end done. Main reason is you would have to replace all the gaskets and seals on re-build and your already have way there. Chances are the tensioners will have started to crack and your car will probably have the second generation tensioners same as my late 2000 car.

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The guy who told you your cars to young is talking (PANTS) will he pay for a new engine when it destroys itself £7000 ish. bite the bullet and get the top end done. you will sleep better and you wont be afraid to sink the welly

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The chains should always be changed even if the are ok, its good practice and common sense, also again peace of mind.
I don't think your penny smart or pound foolish moneys hard enough to make these days.
Your right about Jaguar they should be held responsible in some way even if they paid for the parts that failed. they were replacing engines if they failed during warranty, and it IS a design fault.
I recently done all the chains / tensioners /water pump thermostat and housing / seals / gaskets / spark plugs the parts from Jaguar cost me about £600. plus I hired some tooling from the club who were great to deal with.

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PS, see my pictures of the second generation tensioners. Go to the Gallery pictures at the top of the bulletin board Coulred yellow.
Cheers Wullie.
XJS AWAY TO NEW OWNER.
XK8 COUPE MY 2000 MY TOY & RANGE ROVER SPORT WORKHORSE.