The two plunger pump is an interesting bird. I have both, the two and the six plunger. The two plunger pump has two plungers that inject three injectors at once. Basically, the fuel awaits in the manifold tube for the intake valve to open and then an air/ fuel mixture flows in. Because of this, the timing is not as critical as the six plunger. This injection process is similar to what I call throttle body injection and was common in the US in the 80 and 90s. I could be wrong, but I think the setup you have in this picture is the Ponton 220SE. The W111 220SE has a totally different throttle linkage setup. My understanding is that the two plunger doesn't create as much power as the six plunger, but it is less finicky.
So the the pump has two thermostats. One is for the coolant and similar to the early 230SL. I believe that is the picture (#11). It has the housing as shown on the pump and also similar. The second thermostat (just to the right of the WRD) is the air temperature and sticks up into the air cleaner (at least on the Ponton 220SE, not sure on the W111 220SE). The air thermostat moves almost imperceptibly. I guess they decided it was overkill and left it off on the six plunger. This pump also has a starting magnet (#10), although it is mounted on top. It also has a barometric compensator and can be seen down low in between the two thermostsats. You see a screw in the picture, the rest of that is further down. This compensator is not as adjustable and probably more difficult to determine if is working than the six plunger. Overall, the two plunger pump does not have as many adjustments (or shims) that is available to the DIY as does the six plunger.
Wallace