Matt -- I agree that you should go for it. My dash is all apart right now. Just last week I pushed my mechanics to pull the heater core and there was nasty evidence of nearly 35 years of long, slow leakage; it was dirty/clogged with dust, foam molding was badly decayed, a metal band that runs across the top was flopping loose, etc.
Then it was noticed the defrost distribution chambers were a mess where they come up out of the dash. Then it was noticed that foam molding throughout the entire heater system turned to dust if lightly touched. Then it was noticed the control cables were stiff. Then it was noticed the fan motor was weak. And so on. You get the picture.
I mean the last time I used the heater it did work, but not particularly well. It's in my nature to replace just about everything when stuff is torn down the way mine currently is. In effect, I'll have a brand new heater system when it all goes back together, and based on what appears to be an improved heater core replacement I suspect the entire heater system will work better than when new.
I know this 'over-the-top' replacement approach isn't for everyone, but I intend to drive this 280SL for decades to come and just figure, "hey, why not(?)".
I sure hope the heater will perform better than when the car was new, because we use the car in crisp & cool Idaho weather with the top down. Those new seat heaters should help too. Heh, heh...
Tom in Boise
P.S. I'm having my guys do almost everything when it comes to stuff under the dash. This includes stripping off the small amount of pitiful original insulation material and then lining every square inch humanly possible with new DynaMat Extreme sound/heat insulation mat'l. This involves a lottt of effort, but I suspect the benefits might be worth it. We shall see.