Sure 30 to 40 years ago (1980-1990) the equipment was good, and thats about when the explosion in free climbing ability really got going. The first 5.13 (Alex's Free Solo route Freerider has a 13a pitch) was done in 77 and the first 5.14 in 85. [1] Not coincidentally, the modern cam came into use in the late 70s. [2] Good climbing shoes came in the 80s too. Sport climbing, the use of bolts (technology) to safely climb faces that weren't previously protectable also started in the early 80s. So of course you wouldn't mind climbing on 30-40 year old climbing technology.
Normal gear has been pretty stable since then and the limits of the sport have continued to grow, but that doesnt mean its not because of technology. The boom we are in now has been due to another bit of technology, the indoor climbing gym. They started in earnest in the 90s and have allowed a new level of training.
[1] https://web.stanford.edu/~clint/yos/hard.htm
[2] https://www.climbing.com/news/10-things-you-didnt-know-about...
But I guess you mean what kind of falls am I taking on dynamic rope that I wouldn't want to take on static rope? Its not about distance, its about fall factor [1]. Fall factor 2 falls are possible on multi pitch routes. Doing that on a static rope would really screw you up even if it didn't kill you. It could also easily shock load your anchor gear enough to break or pull it out, killing you and your belayer.
[1] https://www.ukclimbing.com/articles/skills/fall_factors_expl...
Getting to a specific point on the face of El Cap used to be a weeks-long endeavor in itself, pushing everyone to their physical and technological limits. The fact that he was able to go for day-trips to any point on the wall to practice is a testament to all the technology involved.
He used modern ropes, hauling gear, etc, to essentially turn the route into a gym that he could practice on. He used modern climbing holds to re-create the dyno problem so he could practice at home. He literally memorized the entire sequence of moves.
It would be impossible to learn a route to the level that it requires to ascend it in 4 hours without modern technology. Imagine if practicing the dyno problem required having to fund and set up a 47 day expedition to reach it.
Regardless, the 80s was the inception of most modern climbing gear sure; but the intermediate years were not only refinements but improvements through the culture assimilating that gear to the point of maximum utility - much the same could be said about personal computing, although the technological advances are larger, much of the advances are cultural, learning how to best utilise it.
The gym is, itself, a technology that has pushed the envelope on climbing. When I was learning in the 90s there was no gym where I was and if I wanted to practice I had to climb buildings. It's much easier now to find good places to work out climbing technique without traveling to the cliff.
Yes, but isn't that also roughly when modern sport climbing started?
Nylon ropes for climbing were introduced about 55y ago, though, I don't know when they became wide spread. Same for modern harness, modern bolts and quick draws. So your ~40y ago might be roughly correct.
Modern sport climbing started, I would argue, around that time. For instance, Red Pointing was popularized in the 70ties [2].
Also interesting is, that Phoenix, the first 7c+, the grade of the route in the Free Solo movie, was climbed in 1977 [3,4] and first free soloed in 2011 (also by Honold).
[1] https://en.wikipedia.org/wiki/Kernmantle_rope [2] https://en.wikipedia.org/wiki/Redpoint_(climbing) [3] https://www.emontana.cz/climbing-milestones-from-6a-to-9c/
Using gear from, say, 45 years ago you would have mainly hexes, tricams, and nuts. Would you climb as hard then?
Even using gear from 30-40 years ago, it is possible to climb with relative safety, the new gear is mainly only an incremental improvement in safety.
That's not to say that I would happily take a fall on older equipment, just that the main element of danger is generally not the equipment but the surrounding environment.