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I can only speak to the oil pressure question... If the high oil pressure is at idle, I would say there is a problem. In my MB's the oil pressure drops to ~1 bar (~15 psi) at idle and pegs at 3 bar (~45 psi) at around 1,200 RPM. As expected, if my engines are cold the oil pressure is a little higher at idle. If this is your recent experience, it is normal.
Also, in my opinion, you have chosen one of the best, longest lasting MB models. With proper care and feeding, the car will last a very, very long time.
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MBCA Member #B012089 (Lone Star Section)
OBK Member #47 (W123 Division)
'96 SL600 (105K) Triple Black - Mein über-Fräulein
'79 240D (292K) Yellow/Saddle - Mein Spielzeug
'01 ML430 (123K) Black/Saddle - Wife's Ride
'94 SL500 (164K) Green/Champagne - Daughter's Dream
'73 450SL - RIP
'86 300E - RIP
'88 420SEL - SOLD
'94 S320 - SOLD
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