You may very well be correct, and I am not arguing it isn't Iron Crutch. It is just I have never seen or heard of Li being depicted as a robed man walking upright. The whole point and lesson of Iron Crutch Li is to teach and remind us not to be vain, that how good you look has nothing to do with ascending to the heavens or a quality moral fiber. I based the assessment I posted above from my "hands-on" background of formally studying Taoist and Buddhist history, so it is rather odd I would not recognize the famous Iron Crutch Li. The second picture MikeP shared with us of him is in my opinion a much more accurate depiction of the character and holds true to the original tales and figurines I am familiar with. My collection of the great 8 unfortunatly is not made from clay but rather of wood, Li is not depeicted as the upright mud man version presented here but rather as the lamed cripple.
As far as the Google search and my link is concerned I offered that as a quick reference for those interested to browse a few examples of the character. By comparing the images of him from antique paintings and sketches that are available you can see why someone would question the ID of the mud figure MikeP has presented. Thanks for the reply.