May I step in this mud hole? Here's my two: After umpteen decades working on everything from PBXs, computers, cars, tractors, bikes and houses I've learned that, indeed, wire does get old.
It can get brittle, corrosion can build up INSIDE the insulation (which, oddly, increases resistance) and the insulation can get brittle and 'leak'. Wire is a core pat of your bike's infrastructure and relatively cheap. I suggest fresh wire, always, and agree that you should solder everything and use as few connectors as possible - with dielectric grease on them.
Old connectors are thus also suspect and to be avoided, sadly. Its a neat idea to try and recycle this stuff and I suppose if you're really pinched for bucks you could do it until you have time and money to tear it all out and redo it. Just eyeball it good and be on the lookout for problems.
I like split or spiral loom rather than taping a harness only because I can pull it apart when I want to add or remove something.
BTW, while I'm breezin, solid state components age too. A 30-yo rectifier is likely on the edge of its envelope. And solid state stuff made today is inherently better quality and will live longer than equivalent stuff we made back in the day. I'm sure Pete would agree.
Sorry for the novel. Sometimes I get going.