Definitely looks like an original M42 to me, but the PO might have swapped the intake manifold onto the newer motor. There were no M42s made in '96 AFAIK. OBDII was required that year; BMW used the M44 to meet those standards. I'm thinking you have a later model M42 with e30 manifolds, coils and (maybe) the v-belt accessory drive. Can you take a picture of the belt drive?
It's actually a bit difficult to tell if it's an M42 or M44. They look very similar. The M44 used a rear crank position sensor, MAF instead of an AFM, the later DISA intake manifold, as well as the serpentine belt setup. Another difference is the presence of two knock sensors on the head under the intake.