If you do a search, you will find lots of opinions on octane requirements. MB says 91 (RON/MON) octane minimum. As an engine ages, carbon deposits build up in the combustion chamber increasing the compression ratio above the original 9.2:1. Older engines will often ping on a pull where they did not with fewer miles. It is always your choice but your older 124 does not have a knock sensor to automatically retard timing if the engine begins to knock on lower octane gas. It is theoretically possible to damage the engine if run like this for a long period of time. All "pinging" (detonation) is not clearly audible. An engine may be pinging slightly but not loud enough to be heard. Additives in higher octane gasoline control the burn rate of the gas, sort of evening out the burn rate of the fuel to avoid detonation. Gas in my area of the country is 87/89/93 octane. If you do half-fill mixes of 89/93 octane you will achieve an approximate 91 octane. With the 18 gallon tank in most 124s, you would save between $1.80 - $3.60 (depending on the cost difference between mid-grade and high-test) if the tank were bone dry. If you fill up with 18 gallons once every week, the yearly savings would be between $85 - $190. How much would it cost to repair a damaged engine? As has been said on many MB sites, many times, if you want an econobox that runs on the cheapest gas, buy one. The Benz was never designed to be such a car. I am not knocking a person's personal choice for their vehicle, just stating the facts you, as a young owner, should be aware of when making your choice.