Good to hear that you got the old girl running.
Joel
Thanks. Definitely don't want to get ahead of myself, but so far it's been running great.
Brief synopsis in case anyone else is ever searching for solution to same situation.
Vermeer BC1400, Intermittently shutting itself off. Ran fine, did not miss...Just seemingly randomly shut itself off while operating. After sitting for a while, it would run for short periods (approx. 5 min.). Would not start and run for long immediately after cutting itself off.
"OIL/WATER OK" light would not be on when it would only run for just a quick minute. When light was on it'd run for another 5 minutes or so.
Solution seems to be replacing coolant temp sensor/switch. It's located right behind the thermostat. 2 wires running to it. 1 black, and one red if I remember correctly.
It's a bit tight, but patience and a 7/8 wrench will get it off after removing wiring.
Pull part and should say "Perkins" on it. Will also have a #.
Part can be obtained from Vermeer for approx $100+. Can be found online, by referencing part #, for quite a bit less.
Hopefully that clarifies, summarizes, and wraps this all up.
Sincere gratitude to everyone that contributed.