No electronics would give you fixed mixture, hence no cold start valve or cold enrichment. The result would be difficult cold starts and stumble while warming up. Otherwise, will run fine.

Peter

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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!