I don't have any experience with a Cat engine failure, but I know second-hand about a failure, simular to the OP's, of a Cummins engine.
The ECM of the Cummins engine recorded a few hundred warnings and faults, before the engine seized. Multiple low-oil-pressure warnings. The Cat "CSI" maybe had only needed to look at the ECM memory to know what went wrong with the grader engine...
About shut-off's; I have some machines with Murphy switches that kill the engine instantly, and some that buzz for ten seconds before shunting-off the engine. In my limited experience, having the engine shutdown, on its' own, *is* dangerous, when the machine is driving on the road.