...is it possible that all the gauges have just died of old age, or should I be looking for other answers?
I'd be 'looking for other answers'....
Understanding how something works is usually the best way to finding out what's wrong...
Gauges are very simple. Oil pressure, water temperature, fuel level and trim are all voltmeters. They measure the differential drop between a known fixed resistance (inside the gauge) against the variable resistance of the sender.
Much like this....
So, you see you need a 12v source (for the purple wire, via the key switch), a ground (black wire, hard to ground) and a 'sender' wire. For oil pressure, that is a light blue, for water temp a tan, trim is brown/white and fuel should be pink, but is usually whatever colour the installer had laying around. :facepalm:
The only one that is different is the tachometer, that's a pulse counter and can't be tested as I outline below. Just ensure the tacho has a good power and ground, and that the sender lead is good all the way to the points side of the coil.
Merc have historically used sender with a resistance range of 33
Ω to 240
Ω.
To test a gauge you can either do as I did and build a test box with a potentiometer and resistors, or just ground the sender terminal. Most choose the second option. So, get yourself a length of wire with a crocodile clip on one end and bare at the other. Clip the clip to a known good ground, turn the key ON, and touch the other end of your lead to the 'S' terminal on the gauge. If the 12v and ground are good, the gauge should pin to high or full. If you're unsure of the source and ground, use a test light between the power and ground terminals of the gauge.
Here's a coloured diagram of an instrument panel. You may not have the alarm buzzer in your cluster, so ignore it...
Chris.......