I see this is a popular topic and maybe we can share our experiences here.
Personally I have done two engine transplants and looking back I have mixed feelings.
1) I converted a 230GE with a 280SE motor and auto gearbox. Yes obviously I had more power especially when fitted with a roofrack, but all in all I did not gain much. Top speed was marginally higher with the definite noticeable higher fuel consumption. Would I do that conversion again? No.
2) It felt as if my 290GD had lost its power and I got a 290Turbodiesel SsangYong motor through Andrew (thanks) It was the same motor with mechanical diesel injection hence it was a basic swap except for obvious things like sump, oil pump, mountings and intake and exhaus manifolds. When the motor was initially fitted it felt like chalk and cheese, but after a while I think one gets used to the power and wants more. Well in my case for reasons I will not get into here I decided to go all back to standard and this happened last week. My G is again as it was when it came out the factory with its original 290GD motor. I still had the 235/85 tyres on and thought I would need to tow it to get moving. But I was astonished how well it drives with the old motor. I did not feel that mch of a difference as I did when I did the conversion in the first place. So would I do this again like I did? No
However there are I think exceptions:
I now have two 300GD's with the 6 cyl motor. I have not had any major repairs so don't know how expensive they will be to repair but have heard from various sources parts are pricey. So I will leave them as they are, but if they should fail to an extent where I have to overhaul them I will then rather go the route of an OM 606.
What I am saying is that one should try keep to the original while it is going strong and not do changes unnecessarily.


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