Just bought an '82 300SD Turbo and its got a good bit of oil below the gasket.  I've only had it a few days, so I don't know how much of the oil is on the outside of the engine is from years past or if the leak is a bad problem now.  Here is what I do know.  The oil level is low.  The oil registers only on the tip of the dipstick.  There are only a few droplets of oil on the floor where the vehicle has been parked for the last 5 days.  The oil pressure gauge seems to fluctuate between the 2 and 3 mark while running.  I've been reluctant to clean the engine because I figured if I do bring it to a mechanic for a checkout that it might be better to leave it as is for diagnosis.  So does this look bad?  Is this somewhat typical for this age and make?
 
