The conversion you are mentioning is effectively a m111 to a m104 conversion, which i have just finished doing on my e class(w124). the parts i changed were:
engine
gearbox
propshaft
front brake calipers (pads+disks also)
exhaust
Radiator
intercooler
oil cooler pipe that runs across the rad
all the air ducting and water pipes
ecu
engine wiring harness
gearbox NSS wiring
brake pad sensors
left head light inside covering behind it as the air intake
rear diff
rear axle driveshafts
speedo cluster
the front wishbones and hubs (due to brake disk clearance issues, driverside was hitting the actual wishbone, passenger side was ok for some reason, but i changed both for good measure.)
as such it is really on feasible if you have a full donor car, (possibly a insurance write off due to rear end damage, or something the like). the conversion took me about 7 days of actual labour, but i was working about 1.5days (weekend) a week on it, so it wasnt driving me completely mad (and i was was busy week days).
full thread is here:
http://www.mbclub.co.uk/forums/engine/127215-m111-m104-conversion-e220-e320-2.html
For a clk the operations would be similar, but the electrics may be more challenging. So in a nut shell, yes it is possible, BUT unless you hold alot of sentimental value for your clk, it really is not worth it. As stated above, upgrade your komp pulley to get a little more out of it, or just sell up and buy the 320.
HTH