A friend of mine works on the rebuild lines at Anniston Army Depot. He has regularly conducted 6000 round tests on rebuilt M16's. They simply load them and shoot full auto. During the magazine change, they blow compressed air down the barrel.
I do not recall him ever saying that a rebuilt M16 fail. In fact my impression is the opposite.
The M16 has been developed to a high standard of mechanical reliablity. parts breakage on mil spec units is very low.
What I have seen on the firing line are jams. Typically a misfeed from the magazine. The cartridge is tipped up, the bullet jammed between the gas tube. This is common enough that a lot of competitive shooters carry needle nosed leatherman type multitools. You can't get your fingers in that little ejection port.
Another common problem is ruined firing pin tips due to pierced primers. Sometimes people have ejection problems, the extractor has worn. Back in the bad old days, before decent two stage triggers, "tuned" single stage triggers would malfunction and you would hear an occasional double.
And this one happens a lot. And it is not a fault of the rifle, but of the reloader. Blown primers. Highpower shooters are always pushing their bullets as fast as they can. I remember one year, squadded on Rodriquez next to an AMU shooter, and I told him, based on my examination of their ammo, that it was too hot. He told me that it was not hot enough. And what do you know, back at 600 yards he had his lower removed from his rifle, and was pounding it on the ground, trying to get that blown primer out of the trigger mechanism. By the time he got the thing cleared and assembled, the wind had changed and his next shot was an "eight". At his level of competition, you shoot perfect scores, and ties are decided by "X's"..
If you listen, you can hear the train coming around the corner. If you don't listen, you get hit by the train.