I've seen a couple of engines that let go in this fashion and none of the connecting rods were left attached to the crank. However, none of them came out through the side of the block like this engine did.
In every case, the connecting rod came apart at the parting surface of the rod cap. I suspect that the rod bolts, while very strong, will break when pushed beyond their normal load limits when the sudden shock breaks them in two.
As hard as it might seem to be able to believe, extra compression from rebuilding a cylinder head can and will make a rod bearing fail. If everything is in good nick, then you won't have a problem. A bit too much bearing clearance and it can fail quickly.
It happened to me in a 220SEb Coupe once after a head rebuild. I made one shift over 4K and it started to make a soft noise. Since I was in the middle of nowhere in a torrential rain storm, and this was long before cell phones, I limped along the side of the road until I got closer to help with an ever increasing knock . The crank was toast anyway and with the engine full of metal shards there wasn't much to save.
This was in 1988 so it was a while ago.
Most of the time a fresh cylinder head will bring your engine back to life but every once in a while it can also kill it. This is, unfortunately, one of those uncommon times.