Hi, welcome to the group.
In my experience, in terms of chassis performance, the car really benefits from a stiffer suspension, especially in the front. You can then lower the car and get bigger wheels and bigger tires.
Mechatronik did develop a kit with stiffer and shorter springs together with fully adjustable shock absorbers. I do not have direct experience with it, but I heard good things about it and it's kind of one stop shopping when it comes to the suspension. You can also adapt bigger sway bars from w108/109/111 chassis cars, but I would do that only after swapping the springs, as stiffer springs will already be doing part of the job.
Cox Racing indeed developed a complete kit of poly bushings. I have them all round on my Coupe and I'm happy with them as the chassis and suspension is much more precise and responsive. However they do transmit road imperfections much more than the rubber bushings, so there is a loss of comfort.
You can also stiffen the lateral strut bushings to reduce lateral play in the rear end. You will need that if you go with bigger tires.
Lowering the center of gravity by lowering the car will also significantly improve handling. You can do that by fitting the thinnest shims you can find on top of the springs, and by deleting the rubber shims on each side of the compensating spring in the center of the rear axle. If you want to lower more, you need to cut the springs. In the back, this will translate by some additional positive camber. If you want to reduce that camber, you will need to lift the rear end center mount. You can go up to one inch or so. After you may run into clearance problems.
You can fit some 15x7 steel wheels. You can get some from Germany as they were used for winter tires on the w126 chassis. The best tire compromise with these wheels is 215/60-15. They really make a difference. Bigger than that will get you into clearance problems.
You can fit w108/109/111 V8 brakes in the front, as they are vented and they are a straight fit. if you go with 15' wheels you can fit 300mm brakes, but it's a bit more involved. With a stock engine the same diameter vented brakes and some race pads (Porterfield) may be more than enough.
Then come chassis adjustments. The more camber all round and adding caster in the front (with shorter front axle leaf springs) will also help. However, a lot of camber will ruin your tires on long distance trips.
Group member Peter Lesler did race a Pagoda so he may be able to give you additional tips.