I have several drummer friends who swear that cymbals get better as they age. One guy commented just recently on how he won't be around any more by the time his cymbals are sounding their best.
In regard to metal instruments, my Alcoa came to me with its age being around 90, plus it's been modified quite a bit, so I can't judge from that...
However I have a number of relatively new and very old banjos and Dobros to compare with, their sound-making mechanisms being mostly metal, and while they're all sounding good now, I can't in all fairness say the older ones sound better than the newer ones. Being realistic, there are just too many material, design and setup variables to attribute good tone just to age or to the amount of time they've been played.
That said, I, and a number of my peers, do seriously think older steel strings sound better than new ones -- we're talking about 3 to 20 years and older strings here. Again, there's no accounting for taste.
Personally, I think if there is a difference based on age and playing time, that difference isn't as recognizable as the difference caused by an experienced -- and sensitive -- touch.
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