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Another two important points are that the 500E drive only, whereas the 16V can be had in right drive. Plus, the 500E will cost you almost 70 quid to fill the tank, and you may only see 250-300 miles from a tankful.
The 16v is much friendlier on the wallet. I know, I've had both here in the States.
Where in Bristol do you live? I was there last week, I lived in Bristol until I was 25.
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David Hendy
'97 Renntech E60RS
'97 GMC 2500 Sub' Diesel
'95 E300D
'88 300TE
'88 250TD
'84 L/Rover 109
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