So, no, decline is fully independent from state, just like a derivative, a trend, does not determine a value. There exist GDP growth of 15%/yr: they do not indicate a big GDP.
Robert F. Kennedy Jr., Trump, and Biden are all showing significant issues and they aren’t getting better over the next 4 years.
Nobody has greatly declined and is still among the best choices. I’d happily set the same standard at say 75-80 for Congress and Judges here, but Presidents need to be able to quickly deal with complex and novel issues. That’s exactly the kind of problems where age has the biggest impact.
Would that occasionally reject some still capable people? Yes, but there’s over 330 million people in the US, we can pre filter and still have plenty of options.
That doesn’t mean no 80 year old is more mentally proficient than the average 60 year old, but we want more than average here.