Hello Carey,
The chain may come to rest with a bit of slack on the downward side. Back the cam sprocket up just enough to take up the slack, then check to see if the tensioner takes up the slack on the passenger side. If it remains loose, your chain is most likely ready for replacement. Now if you depress the tensioner and you can move the chain over the teeth on the cam sprocket, you definately need a new chain. With a new chain, you cannot move the chain over the teeth even with the tensioner depressed. Chains should be replaced as standard preventative maintenance on these engines every 100,000 miles.
Lower chain rail replacement on these engines is difficult unless the engine is dis-assembled. They are not normally replaced with the chain, unless they have been damaged or the engine is apart.
Early MB engines had aluminum/rubber rails. That do not break and fall into the chain gears like the plastic ones on the later V-8 engines. Unfortunately the newer replacement rails are plastic. Hopefully they have improved the materials. Heat, age and chemicals takes it toll on plastic in engines.