It's a direct plug-in, no coding, however you should clear all codes after installing, and re-set the adaptation values. The production date shouldn't matter as long as it's a true 1992 unit. Part numbers are in the EPC.
Or, you can buy one already cleared/reset/tested and ready for installation:
http://500eboard.com/forums/showthread.php?545-FS-1992-Euro-LH-module-w-WOT-enrichment
Power gain is only at WOT, but has been dyno tested and shows approx +7hp at the wheels, estimated 9-10hp at the crank. I've been running '92 modules in all my M119 cars for years now, both 4.2L and 5.0L. Zero problems.