Your estimates are about right. I had a 87 300D with the same issue. Topping off might work but all that leaky oil ends up all over the bottom of the car and on the exhaust system over time. Then you have to deal with the smell and probably smoke from burning oil. Stop leak does not work.
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DJ
84 300D Turbodiesel 190K with 4 speed manual sold in 03/2012
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