I got to see the project and its UK testing to some extent as I work for JCB (flying folks about).
The project was designed to publicise the new JCB444 diesel engine. This engine was originally designed to put out about 140 bhp for excavators / earth movers but the two-stage turbochargers put this up to 750 bhp.
The low CR was required because of the very high boost pressures being used to obtain the output. The low CR meant that the engine had to be warmed to working temperature before trying to start it. Interestingly, once the car was up to speed and on boost there was hardly a trace of exhaust smoke.
Regarding durability, the engines were only required to run for about 20 minutes to take the record, as it happened they ran one for over 20 hours during testing.
BTW, Andy Green is a Wing Commander, Royal Air Force and not in the "UK Army"!
I was privileged to speak at some length with Ron Ayers, who designed the aerodynamics of the car. Ron also designed the Thrust SSC car and also helped design the Bloodhound missiles that helped protect Britain's airspace in the Cold War, so he goes back a very long way. I discussed the tyres with him. He confirmed they were the limiting factor on speed. Goodyear only rated them to 300 mph. JCB had them load tested up to 350 mph and it was decided that should be the maximum speed attempted. It was more important to safely break the record (by 125mph, as it was) than to go all out and risk the car and the driver! Bear in mind the record was taken in 5th gear, it does have 6 gears.
Rubber tyres were needed for traction on DieselMax because all the drive goes through them, unlike on Thrust SSC, where the jet thrust pushed the car along and straight line traction was less critical. BTW, the tyres were only 15" x 5.00". Ron Ayers told me they had to withstand the equivalent of up to 35,000 rotational "G" ....
The guys designed and built the car and took the record in 18 months from start to finish. The car didn't even exist until April this year. I have been told the entire project cost about the same amount that sponsorship of a Formula 1 car racing team for a season would cost.... but the DieselMax car will be there for all time.