Pit - I'm going to jump in here too. I was in a similar position to you. Just bought my 1995 80 series last August. The PO had just done the wheel bearings but didn't do the birfs.
Basically I couldn't sleep very well not knowing the state of the birfs, how dry were they, is gear oil getting in there? how about the knuckle bearings?????
I was even reluctant to lock it up and go offroading.
perhaps I'm anal but it's in my nature to stress over stuff like this. I also want to keep my rig for another 15 + years.
I was going to have this service done at the dealer but again I stressed too much that they wouldn't do it correctly. Plus the cost.....
So I just did it myself (with Simon helping) and wow! what a great feeling!
The state of everything was fine but now I can sleep and know that I can go another 60+ K without worries. The sleep factor was well worth it.
Also consider that at 160K the knuckle bearings will be wearing. From what I've read the failure of the knuckle bearings gets mis-diagnosed for other things like alignment ect.... So in the end you'll never know the condition of this other stuff.
My knuckles are now simply a work of art to see. I crawl underneath every week (sometimes more) and just gaze.
My 2 cents is get some sleep and do the birfs. You can really do it yourself and you'll feel like you just climbed Mt Everest. !!
The guys here on this site really know their stuff and will help you with any issues you might encounter.
Riley