Well, I dug around a little today. Some time was spent on the factory repair manual we have available here in the Reference section. It said that any oozing of the coil body's epoxy casing meant that immediate replacement was recommended. Once I got home from work I nosed around under the hood. No bad connections were anywhere to be found for my wide band O2 system, so unless there is some sort of internal fault in it, the CEL I get is due to something else. Now, on to the more compelling evidence.....
I pulled the coils and thoroughly inspected them and their boots. I also checked the spark plugs. The plugs are maybe 18 months old, and were clean enough. There was a lot of carbon buildup everywhere but at the electrodes, so they were fine (I got 4 new ones anyway just for when I need them). The impedance on the plug boots checked out, and wiggling them did not cause a problem. The impedance of the coils' primary coil checked out, and it was not shorting with the secondary coil circuit. The connector wires were also all intact.
So, that leaves visible evidence on the coil bodies...maybe some sort of ooze? Ooze...check!
This was the worst one. Yeah, I don't think that was there when I got them.

A cropped shot at full resolution. UGLY!

The damage does not need to be as awful as the first 2 pics. Even this is looking pretty suspicious. People with COP conversions, check the coils every 6 monbths or so. I have been running these for roughly 2 years and maybe 25k miles. I cannot remember of they were new or used when I got them.

Closer crop.

Looking at the bottom also shows some ooziness. Either take a picture of your brand new ones, or remember how clean they were when new. You will want to make sure there is not any oozing going on or replacement will be coming soon.

Closer for #3.

So, I HOPE this is the cause of my problems. I test drove it after cleaning things up as best I could this evening. The motor actually died trying to idle, regardless of pumping the gas. It started right back up, luckily. It seemed that going to WOT generally made the issue do away, but I only tried it in 2nd & 3rd gear where the RPM's rise fast enough that it gets out of the trouble spot quick enough. Above 3500RPM, everything seems fine. The WOT thing almost makes me think it is fuel system related (going to open-loop at WOT, ignoring the O2 sensor).
The one thing that REALLY pissed the car off was cruising at low-load in 5th gear. I would keep my foot firmly in place on the gas, and the car would begin slowing down due to the engine mysteriously losing power. Trying to idle after that led to severe stumbling, and it died once, almost twice. The reason I do not think it is fuel-related is as follows.
I was having a similar issue 2 years ago or so. The car would behave badly at part throttle. The MPG needle would also jump all over the place, although there was no CEL being tossed. It ended up being a pooped out AFM, which I replaced with my MAF conversion. This current problem, where I get bogged at part throttle, does not effect the MPG needle. It stays in place, or only moves slow & smooth as usual. The MPG needle is a great thing, you can tell a lot from it!
So anyway, I had ordered a set of 8 of these coil packs from a wrecking yard (44k miles on them) from a V8 X5. I suspected this was due to ignition coils and ordered them on a hunch before even looking. They will arrive next week, and they will hopefully solve this annoying issue! Sorry about the super long post, but I want to be as descriptive as possible. I know others have had similar issues, so hopefully someone's search will lead them to this thing (goodness knows there are enough words to match lol).
Even if you have stock M42 ignition coils, if your car runs poorly and you cannot figure out why, visually inspect the coils. The service manual for the stock ones is where I saw the warning about the ooze!