Hi DaveK,
I think you have the same problem that I have with my 92 190e 2.6. I have the same leak in exactly the same location. I am about to replace my waterpump tomorrow. You can read my thread
http://www.peachparts.com/shopforum/showthread.php?threadid=29568
Also here is some information on removing the waterpump from Benzmac
http://www.peachparts.com/shopforum/showthread.php?threadid=6980&highlight=waterpump
I hope this helps. Good luck!
Walter