Yes, it uses hydraulic lifters. Think of the savings, not having to have this done every 15K miles will amount to thousands of $$ over the life of the engine, or if you DIY the mess and time avoided is considerable.
OTOH, you should be using synthetic oil, the extra cost of that needs to be factored in but if you buy in bulk such as AMSOIL you will offset the extra cost.

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'95 E320 Wagon my favorite road car. '99 E300D wolf in sheeps body, '87 300D Sportline suspension, '79 300TD w/ 617.952 engine at 367,750 and counting!