Is a chip in the engine block good?

A chip in the engine block is not a good thing. It can cause a loss of compression and power, and it can also lead to internal engine damage. Chips in the engine block can be caused by a number of things, such as dropped debris, improper use of tools, or extreme thermal stress. If you suspect that you have a chip in your engine block, it is important to have it checked by a qualified mechanic as soon as possible.