I have had two.
I sold the first one (a 1982? -03? 300D. Can't remember precisely what year.) with 350k miles on it. I bought it for $500, put $500 worth of work into it and then drove it for four years. I sold it for $600.
I sold the second (a 1984 300SD) with 500k miles on it. I bought it for $1000, drove it for five years and sold it for $1500. (hippies. RICH ones. "Dude... we could run this on... like.... HEMP oil!" Sure you could, Moonbeam. That's cash, understand? All of it, not "some of it, dude..." or "like... ALMOST ALL of it, man...")
I don't know a thing about the conversion process, except that you should make sure you never shut it down with veggie oil in the block or it'll cook, and they'll be hell to pay. Also, filters are good. Add a couple of cheap fuel filters in line BEFORE the $35 mercedes fuel filter. Carry extra ones in the door pocket.
Also, use Redline fuel additive.
It'll seriously boost cetane (the diesel version of octane) and lubricate the cylinder heads, prolonging the life of the engine and keeping compression up by avoiding abrasion of the cylinder walls and cylinders from normal wear.
Remember, in a diesel engine, PRESSURE IS EVERYTHING.