Meile W827 Washing machine?

Hi. Meile W827 washing machine. Had a heavy load put in it.(not by me). Apparently when the wash cycle got to rinse it started to make a loud horrible gritty grinding noise while spinning and then smoke started to appear inside the drum.
I'm guessing this is the bearing gone?
Should I consider repair or replace?
I've heard Meile aren't as well made as they used to be? Does anyone on here regularly work on them.
I can still get bearings, belt, motor for the W827 at a reasonable price. Its just investment in time to fit.
Experienced thoughts opinions appreciated.