Rubber ages, metal wears.
So seals, tires, gaskets, bushings yada yada are all susceptible to age regardless of mileage.
Metal parts don't particularly age, but they do get worn/bent with mileage and driving.
As for the IMS; I personally wouldn't give it a thought. Its a metal ball bearing; although it does have a plastic sleeve around it I don't think that plastic has deteriorated inside a non-used engine that hasn't heat cycled.
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'99 supercharged 4.3 chevy Boxsterado
'98 PP13B powered thing
WTB: any cheap 986 shifter new or used
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