Hello, Fatman!
My ISP uses PPTP and L2TP for VPN connection to accounting device and establish Internet connection, and right now L2TP is much, much faster then PPTP, so I use DFL L2TP-client to establish connection.
Yes, I have dynamic public IP (changes every time device reconnect) and I use DynDNS to establish connections to my DFL-210 from external nets.
Yes, L2TP tunnel alter MTU to 1452 bytes and I've set MTU 1350 bytes in IPSec tunnel parameters.
As far you can see PPTP server works fine. I'll try to bring up L2TP without IPSec and see what's happend.
I think, that L2TP user cannot authentificate somewhy... There is blank space behind "user" field in log, where L2TP connection is terminating.