To deal with a outstanding tire to fender rubbing issue, I elected to installed factory 16 Valve 190E fender flares.  Although they don't match up to the existing bumpers, they do look very good.  Three of these I purchased from overseas and the fourth came from Pat at Potomac Germany Auto (thanks Pat!)  Paint cost about $120 at a local high end shop. 





The first step here was to protect the wheel and then make a paper template to assist me with getting the mounting holes in the correct location.  The 16 valve mounting holes are a bit oblong, probably to assist with alignment, so I cut mine the same.  I used a drill bit to get the pilot holes in place and then a dremel with a grinder to widen up the holes. 





The finished fender waiting for the flare to be installed.  You need to be careful drilling and widening the holes, one slip up and there goes your paint.  You also may need to remove some of the rust proofing under coating from directly behind the fender lip, as your flare studs may not be long enough
 





And the finished product.  The flares don't quite flow into the bumpers as on the 16 valve, but that's my next project!