Just finished doing this last weekend on the '95 E320 wagon.
Due to the high-heat and humidity here in Florida, I had to use Liquid Nails Extreme Heavy-Duty, as the temperature was already over 90-F.
Unfortunately, that also means that the Liquid Nails is VERY liquidy, and needed almost 20-minutes just to tack up.
Also, I spread the 3.5 tubes of Liquid Nails on both the hood and the pad's edges (5-in. in) by gloved hand.
FWIW, I chose the hood-pad with the "foil" insulator over the exhaust header location, as this pad design has held-up 10+ years on the C36-powered W124 wagon.
I used a medium width paint roller to work pressure into the pad, let her sit 15-mins. and checked the adhesion on the edges, finally let her sit vertical for 10+ hrs. before closing her down and doing a final "pull" test, prior to the test drive.
FWIW, I used a plastic scraper to remove the old hood-pad, and wiped the hood down with two coats of lacquer thinner to remove any oil/grease, followed by a hit of shop air to remove any debris.
Of course a large drop cloth over the engine-bay helped here to catch any debris and dripping Liquid Nails.
It's been a week, and she's holding well.

neil