Well, I just spent the last 9 hours changing water pump, thermostat, belts, took the intake manifold apart and did the throttle body coolant bypass, replaced the water pipe and the hoses as well. I put it all back together but it's too late to fill and check it now.
I took my time, had the music going, had some beer. It took a while but I don't have to rush it and do a quick fix so I didn't. I cleaned as I worked and overall got acquainted with the M42. I don't like that little black box full of wires under the intake manifold, and didn't like the routing of coolant and vaccuum hoses in general. If I have to do it again I'll do a more thorough cleaning job with lots of carb spray in the intake.
I'll check for bubbles and see if I did any major damage to the head with this incident. The water pipe was disintegrating from the inside out. The pipe nipple broke clean off, that's why I lost all my fluid, and when I pulled the pipe out half of it stayed in the block.
Everyone should plan on replacing it if you have not already. This car has 156K on it and I see, unfortunately, a lot of little things that are original.
I plan to take the upper intake manifold off and clean/paint it with the valve cover when I do my valve cover gasket, hopefully Monday. I should also have the large radiator hoses and a new expansion tank cap by then from RMEuropean.