I take it you have a 230SL? All of these old pumps leak eventually. Yours sounds like it's leaking a lot. It shouldn't cost that much to do a pump. Figure on more than half that much but not 2K.
The biggest problem with high oil level in the pump is that it affects the fly weight governors somewhat. Apparently, they don't like spinning in all that oil and it slows their functions a bit. Other than that, your pump is worn out so figure on a rebuild. It's inevitable.