I too was in on this situation this morning at 30 west. For accuracy there were two light aircraft crossing together but the PA32 with the problem was N5338S. As of 0640z he was still airborne with the oil temp still high and he was about 2hrs or so from LPLA (Lajes -Azores)
Can I just praise all the various crews who relayed messages to and from Shanwick etc and especially the guys in VS002 - good work chaps. It must have been some comfort to the poor guy who at one time was contemplating a night ditching in the Atlantic over 500 miles from land!
The other light aircraft continued on to EINN so if anyone with contacts there could find out the result I would be obliged.