Regarding the Mercedes, you are after my own heart. I have owned a bunch of W201 (190-class) Benzes, all diesels. The aero is pretty decent on those cars. My current daily driver is a '93 190E that has had a transplanted 2.5L turbodiesel / 5-speed drivetrain.
For reference sake, the record in F/Production (3Liter, production bodywork), is 167 mph. I "think" that's the most likely fit for a 190E with nominal 3 liter engine.
The 167 mph record was set by a Nissan/Datsun Z-car. That's pretty sleek competition.
Steve.