For one, doing a slight redesign of a control loop to stop the voltage from shooting up is a good start.
With simple feedback I just connect a pullup resistor, if the potentiometer breaks, then the voltage at the feedback input goes high (higher than usual feedback voltage) and the output goes to 0V.
And for my designs that is a basic thing, because I often use two pots in series to get that rough/precise adjustment.
Those 20$ multiturn pots are more expensive than the devices that I build, so I just buy old military stock stuff, that I know is fairly high quality.
Mainly older US-made, USSR-made and other non-chinese things.
In fact often the prices are lower than the chinese things.