"That's quite a statement, Bodi, and I'm afraid it's directed at the wrong person, seen not only my personal experience but also of others I know."
Not directed at anyone specific.
That caliper arm pivot needs attention - meaning disassembly, cleaning, new O-rings, and lubrication - eventually. It takes an hour or so. What reason is there to not do it on a bike with unknown maintenance history if you have the caliper off anyway for pads or whatever? And most owners after 40+ years are not the original owner so the maintenance history is often unknown. Once you know it was done, you can forget about it again for a few decades.
Wheel bearings: OEM are single shield. The outer side shields keep sand out but dust can (will) get in. The inner side is wide open, nothing to keep grease in except hope and luck. By now, original bearings on any 70s bike will be dry and dirty with rock hard remnants of the original grease. I've had bikes to fix with failed wheel bearings. The bearing heats up (which softens the grease for some lubrication but it eventually goes totally dry), the cage fails, and the balls fall out. Hopefully not a disaster but the wheel goes mighty wobbly. There's no way to inspect and lubing is far from easy, new bearings are dirt cheap... why take the risk? There isn't much "feel" until they are close to their end, once one is feeling grindy it's not long before it self destructs... while riding.
So in my opinion it is exactly idiotic to suggest that tasks not on the maintenance schedule never need to be performed.