EDIT: First things first... what Mercedes have you owned, and if you've owned any 124 chassis, what year/model of 124? You only mention the 2007 Mustang, wasn't sure what MB seat time you have.
I agree with Gerry. You can add an ASR defeat switch if desired for hooning, but you can't add ASR to a non-ASR car. The ASR is fabulous on slippery roads. Yes, it can sometimes require effort to troubleshoot the system when a component acts up, but IMO it's worth it. I won't buy a 400E/E420 without ASR. This will limit your purchase options, as ASR is not common on the .034. You can confirm if a car has ASR by looking for the ASR unit under the hood (or snow chain switch in the console), or better yet, get the VIN and look up the datacard at LastVIN.com and check for option code 471.
The stock suspension will likely feel a bit floaty compared to your late-model ponycar, but drive it as-is for a while before deciding what (if any) suspension upgrades you want to pursue. The Sportline springs aren't cheap, and you might need to get sway bars from Blue Ridge MB as the rear bar is NLA. Wider wheels & tires will help but the fenders limit your options here, still, most anything is better than the silly 195/65 stockers. Bilstiein Sport dampers all around will also help, but will be firmer of course.
The other purchase advice I'd offer is to consider 94-95 E420 models if possible, main reason is they have decent headlights from the factory, and it's simple to upgrade the stereo head unit if desired. But if you find a super nice 92-93, it's not a dealbreaker. You'll likely need to search the entire west coast (CA,OR,WA) to find one. There are not many for sale around Idaho. If needed, the upper wire harnesses are available new, the lower is available from Blue Ridge. While it's nice to get a car that has one or both replaced, it also isn't a dealbreaker (ditto for the ETA).
Required reading for handling junkies:
We have a 400E with 500E engine (55k mi.), all new suspension, 2.82 diff. w/LSD. Lots of details not relevant to this thread. We have nearly completed a rather lengthy suspension tuning that I thought might be interesting to this forum. The list of new parts so you understand the complete...
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