X2 as Army said.
I have the same compressor. It works in the 126 ok, because the hole is larger.
On the w123 it is the inner piece of sheet metal that causes the problem.
Start fileing it down, and use the big end of the shaft for a fit until it goes in with some wiggle room. then POR the edge to seal it good.
I used a rasp bit that fit into my 3/8 drill, and then finished up with a 1/2 round file to smooth it down.
It`s really a lot of fun at PNP with just a file

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Charlie