Fitted a TM-2 (with a BMW clock) in mine recently
See
http://www.coolantalarm.co.uk/index.php ... roductId=7 for details and prices.
I chose the TM-2 combo unit, even though its a bit more expensive, because it gives an actual temperature reading of the cylinder head (not the coolant). Its the cylinder head that needs protecting. (I think)
It screams at you when the temperature exceeds a level (which you set yourself - a temperature you are comfortable with)
It also screams when your coolant level in the header tank begins to drop. You have plenty of time to pull over and investigate the problem before it developes into something more serious.
And when I say screams, I mean it - you can have the radio as loud as you like but the scream wins through.
You will find, as I did, that the unit is very easy to fit (with the telephone help of Haydn). I am not very savvy with fitting this sort of thing but was helped by Haydn (supplier) over the 'phone.
Whichever unit you choose, its got to be an investment, and certainly a lot cheaper than a bust engine.