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My recollection is that the original projected lifespan of the bag was 10 years, which was subsequently extended to 15 years.
I would not be concerned about a failure that caused unexpected deployment, but I would also not be surprised if the 20-yr-old bag split open on deployment, not doing any good and blowing hot gases in your face. I have not heard of this happening, but they can't last forever.
New air bags are prohibitively expensive (if available) and the ones I have seen on eBay I don't trust. I assume that they are junkyard 20-year-old bags that have been cleaned up and Armoralled to look new.
Therefore, my '91 has the original airbag system untouched and intact, though I don't have any confidence in it any more. When the SRS light went on in my '90, I tried to diagnose the problem and when I could not, I disconnected it.
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