Following Advice
It took a while for the new fuel filter to arrive and today I installed the exact same fuel filter but guess what, the situation is still the same: it starts up, runs for about 5 min and dies the exact same way as in the video.
The points look good.
After just reading up and asking around more and talking about what was suggested here, could it be that the fuel pump relay is the cause?
After reading a lot from various things on this and the c107 forum, I found the relay box. I have 2 questions about this: there are 8 relays inside the box. There is a separate bracket attached on the both side walls of the relay box with 1 relay attached to that centered at the top half of the relay box and there is one more relay just outside the box. Can somebody tell me the function of all relays?
Would exchanging this fuel pump relay solve my problem?
How can you see/test that a relay is bad? Can you fix a bad relay?
Thanks in advance of all your help!
*************************
Your not letting people help you totally

Let us help , A fuel Pressure test well tell you a LOT ' as before I suggested that you perform a Fuel pressure test , See previous posts as to how to do this at the Start valve to hook up the Gauge . Once you have done this it well tell you if your Fuel pump is working . It should have about 28 LBS . Leave the gauge on as you start the car and watch it . See what it say's when the car dies .
the gauge should hold pressure after the motor stops for some many minutes like up to 15 min's .
This well tell if your fuel pump is working or not the Gauge does not lie .
It well tell you if the " fuel Pressure Regulator " is working or not
( I Suspect this may be the problem by the way )
***************************************
points I believe your car has trigger Points so that means you have 5 Set's of points . One Set on the top of the Distributor under the cap set's at 0.14 exactly >> not 0.13 or 0.15 << you must remove the Distributor to see the Trigger points they slid out to service .
See this post for information on how to service the " Trigger Points "
http://www.benzworld.org/forums/vintage-mercedes-benz/2193385-w-108-4-5-staring-problem.html
a tool costs only $22 to set the points ( all 4 set's )
*****************************************
About your fuel " Pressure Regulator " if you fuel Pressure drops off after you start the car and it dies then attach the Gauge on the inlet side of the Fuel Pressure Regulator and test the Fuel Pressure . If you have good pressure before the regulator then you have your answer . Bad regulator .
*******************************************************
Dirty engine Bay > as I believe i mentioned every thing needs to be clean around all electrical having to do with your ignition . If Dirty clean it you may be surprised .
By the way it only take some 5 Min's to test the fuel Pressure
Hope this helps