I ran and then oversaw operations of our dyno's and test cells mid 80's until 2000, not only did we dyno our own brand engines, but we had a "certified" dyno and test cell for military work, so we saw a lot of other manufacturers engines come thru our cells as well.
A lot of engines we got for the bob tail dyno were what we considered "bare" engines, minimal accessories, and a lot of times no air cleaners, exhaust piping, fuel filters, etc. Especially on marine engines, few engines had any means of shutoff other than a mechanical lever, if we could make it work we had a assortment of cable ran into the dyno operators station. If the engine had an air dam installed on the sir inlet system we also had cables for then as well. We did add a "dump bottle" CO2 fire system aimed at the air inlet that worked most of the time.
Testing older design engines was interesting work, took a lot of time to get them in the cell and hooked up to meet the testing needs, while our internal failure rate on dyno was low (didn't have failures very often but they did occur), we did get a lot of failures on "test only" engines repaired by other facilities. So got to see a lot of scenes like the one from the you tube video above. I can also tell you while it looks like there was plenty of time to respond to the failure shown above, operating a dyno like that had a lot going on,and options for remote "fast" shutdown were limited.
As CWB1 noted above, newer engines have LOTS of built in protections, when we first started dealing with electronically controlled engines in dyno testing we had to jump thru a lot of hoops to actually get them running and up to load, as systems got more complex the engine ECM was looking for other controllers input or permissives to go to rated speed or load up. Many engines now have a "dyno mode" setting in the ECM that allows you to override a lot of the safeties so you can test a bare engine, but access to that feature can be pretty limited.
MikeL