An E420 with a '92 WOT module and first gear start isn't that much slower than an E500. Put 2.82s in the E420 and you can probably run the same times as a stock E500. This has been beaten to death in the performance subsection if the OP cares about going fast.
I have a W210 E55 AMG. Amazing car, I love it. But I would never say its a better car than a W124. It was right in the thick of Mercedes experimenting with cheap steel, water based paint, and their cost cutting experience. W210 E55 will blow the doors of an E500 (awaiting the ********* backlash), but the W124 is the "better car" it all depends on what you want to do.
Admittedly everything I just said is an opinion. But I've had pretty much all of the USA W124s, and W210 E300s, E420s, and an E55. So I'll stick with loving my E55, but preferring my W124s.
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