Typically the bearing seal starts to leak which is why the WP has a weep hole so when you start to see it dripping from that hole you replace it. Beyond that the bearing can actually freeze up which will stop the WP from functioning and overheat will happen quick. Rarely the impeller breaks which will also cause very quick overheat.
The problem with the LT1 WP is the weep hole being behind the pump pisses on Opti, which kills it. Even when you just catch the WP "weeping" (read you won't yet even see coolant on ground) the Opti has been exposed so on WP swap pull Opti and remove cap & rotor and optical wheel and carefully clean it out with Q tip. Reassemble using loc tite on rotor screws. The Opti will be fine.
The problem with the LT1 WP is the weep hole being behind the pump pisses on Opti, which kills it. Even when you just catch the WP "weeping" (read you won't yet even see coolant on ground) the Opti has been exposed so on WP swap pull Opti and remove cap & rotor and optical wheel and carefully clean it out with Q tip. Reassemble using loc tite on rotor screws. The Opti will be fine.