I've seen 230SL's produce anywhere from 150 to 165 PSI, and all were fresh engines. The third version with stepped pistons will give you the lower end and first and second version will give you higher readings. I'd be
very happy to find 160 PSI.
Your question:
First of all, how hot is hot? 190 or maybe 195F is up there a bit but should be safe; 210F or higher is not a good idea. Some of the later US cars have a 100C degree switch ( 212F ) to advance ignition timing but I feel that's it's kind of useless. Useful if it comes on and works, useless in that your engine might already be so hot that it wouldn't cool down quickly enough to prevent any damage because once you get one that hot, the temp gauge will only go higher. So, lets determine how hot you are actually running. You could have two conditions; too hot and too lean. If you already know that you're running too hot fix that first. If the condition persists then look at your IP. If your pump is OK then we really do have a '' who done it. ''
If you are too lean at full load that can be adjusted out but it's not something that should be taken lightly. Too lean, too rich, too hot......... none are good for your engine. Believe me, removing the pump now for testing, if that
is what the problem is, will be less work and cost than burning up your engine. Pinging at high speed ( 4,000 ) is asking for trouble.
I don't want to be an alarmist but you have something very wrong.