You'll want to install the mechanical IP from your '95 on a nonturbo '96-'97 -- W210 switched to an electronically controlled IP. If you wanted to use a turbo '98-'99, you'd most likely have to find a mechanical IP from a 3.0L 603 turbo.
Not sure about the trans, per Jeremy... definitely look into that.
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99 E300 TD -- sold
01 540i 6 spd
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