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Older certificates CAN be extremely unreliable...
I agree and would say that unreliability is a significant issue. Certification organizations tout their service as a form of insurance; PF promotes it as "protecting your investment" and "the expertization process provides confidence". No one wants unreliable insurance.
Saying that certs have a shelf life, or that certification criteria evolve over time, or that different organizations give different opinions, or that technology and/or the knowledgebase drives changes in the status of a stamp's certification over time are all things that undermines confidence.
The same thing happens with auto insurance. One day when you finally need to use it they push back and balk at paying to repair your car. Most folks do not continue to use insurance services that are unreliable. The service is all about confidence and peace of mind.
Don