The part Rodd refers to as the idle control switch or valve, is AKA the constant speed solenoid. Automatic cars all have this, and cars with A/C should also have been fitted with it. It needs a support bracket, and some other hardware, and the appropriate wiring of course. It sits on the intake manifold side of the car, frequently wears out, is very difficult to fix (although it CAN be done) and is activated when the engine is running and the car is put into gear. It is essentially a fairly strong magnet. New ones are expensive (around $300 at my parts supplier) but I am pretty sure they were also fitted to sedans of the era. So maybe you can find one used for a more reasonable price, which I would put at $15. I picked one up that way, and it works just fine. I will be taking my old one apart to try to fix it, but this involves drilling and welding so it is not your average DIY job.
Having the idle set to 1,500 seems very unpleasant to me! How's the performance of your Kuhlmeister? Many have commented they are not that good, and have fitted more modern components, which is apparently not a big deal.
Good luck,
Cees
white 1969 280 SL