Pretty sure you've got a 200tdi (which I think is the same as the 300).
I've never done one on those engines but was looking at the 300tdi housing last night as I need to replace the temp sender o-ring.
Logically thinking, the only oil I could see coming out would be in the galleries and oil cooler lines above the pressure switch. Should be minimal (less than dropping an oil filter) I reckon but I could be wrong.
Personally I'd change it. Greatest risk of stuffing the job up would be cross threading or stripping the thread, so take your time, do it up all the way by hand first before just giving it a light nip followed by a quick run to check for leaks.
Take your dud one and its sealing washer, and suitable spanner with you just in case the new one suffers some infant mortality..
Steve
				
			 
			
		 
			
				
			
			
				1985 County - Isuzu 4bd1 with HX30W turbo, LT95, 255/85-16 KM2's
1988 120 with rust and potential
1999 300tdi 130 single cab - "stock as bro"
2003 D2a Td5 - the boss's daily drive
			
			
		 
	
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