Thrust link isn't likely to lower the car any, but it will make it track funny and torque steer some. Not as much as the torque rod, but some.
Low on one side without hydraulic suspension is almost always a short spring or missing (or crushed) rubber spring seat. Height is determined by the lift of the spring off the spring link, and maybe dead subframe bushings, but the ones on the other side would have to be nice and high for it to show.
1972 220D ?? miles
1988 300E 200,012
1987 300D Turbo killed 9/25/07, 275,000 miles
1985 Volvo 740 GLE Turobodiesel 218,000
1972 280 SE 4.5 165, 000 - It runs!