SurfMerc;Your topic bridges several subjects, but here are some thoughts; The pan gasket itself is in 3 parts if I remember right. There are (2 I think) gaskets that go in the rear main seal area as well as the big horseshoe shaped gasket. You will have to loosen the compression nut on the oil pump where the oil tube goes in and that seal will have to be replaced. You will also have to loosen the big nut where the oil tube exits the pan. I'm pretty sure you will need to jack the motor up off the mounts for the pan to clear everything, but if you have a Mercury wagon, I'm not sure.
If your compression is good and you're not burning oil, I don't know about using STP. Use a good oil that has ZDDP (Zinc additive) necessary for our flat tappet lifters. Alot of guys like Shell Rotella, I use Amsoil or you can buy a Zinc additive. I also use a "Filter Mag" on the outside of the oil filter. This is a strong curved magnet that pulls micro-metallic particles up against the inside wall of the filter and keeps them from circulating in your oil. They come in different sizes and I use them on my Harleys too.
Good Luck,
Rono