And thus another oil thread is born...
If this forum is true to form, opinions will soon fly to these pages like mashed potatoes in a food fight, so let me fling mine out there.
1. The best Automatic Transmission Fluid for your Mercedes says Mercedes Automatic Transmission Fluid on the bottle.
2. If you can't afford to buy your ATF from the Mercedes dealer, look for one that meets the relevant specification for it. I can't speak for your '79, but for your 560 SL's model 722.313 4-speed automatic, that is a fluid that meets one or more of the following Mercedes-Benz spec sheets: 236.1, 236.6, 236.7 236.9 236.10, or 236.81. (Source: BB00.40-P-0231-01, Specified gear oils (cars, cross-country vehicles) - survey, Sheet 231.1). Mobil 1 Synthetic ATF Multi-Vehicle Formula lists most of those certification sheets so that's the one I chose to use when I changed my fluid last. But certifications come and go, apparently, and the latest data sheet for this fluid from Exxon-Mobil no longer lists those MB sheet numbers.
3. If that's too confusing or aggravating, I suggest you look for the brand of Dexron II D, Dexron III, or Dexron IV fluid you have the best faith in.
Let the hostilities begin...and may the best spud win.
Good road,