But what I'm trying to say is there are other tools in the toolbox now - I haven't heard anyone say that Everything Everywhere All At Once was bad, it's a great movie, absolutely full of deliberately chosen mood, and it never has to resort to extremely long shots that take the wind out of the story's sails.
I can think of a lot of older movies I'd not touch the pacing on. I don't think it'd improve the film. Then again, I admit I've bounced off a couple because of extremely-flat cinematography and slow-as-molasses pacing (the original Oceans Eleven comes to mind—I don't drop many movies that I start, but I'm not sure I even made it to the 20 minute mark on that one).
Maybe I'm misjudging what you mean by "old"—I'd kinda assumed you meant "before digital editing", say, 80s and earlier. I don't think films from the '70s tend to feel terribly different from modern ones (we've developed new and more-chaotic ways to assemble very bad action scenes, but that aside, not much different) for example, but would grant that it's probably possible to divide cinema into silent/middle/modern period as far as the feel or what's asked of the viewer, and that the former two do feel pretty different from modern films—but I'd say we were already transitioning out of "middle" and into "modern" in the '60s, so you've got to go pretty old to get into what I'd judge to be notably different.
Now, film films do tend to look very different from modern movies, even as recently as the 90s, but that's because easy digital color grading hadn't ruined the artform yet. :-)
Isn't that true of all movies?
Also, keep in mind survivorship bias - we largely ONLY think of the great movies from the 50's and 60's but have plenty of bad examples of modern cinema to easily draw from.
The passage of time doesn't play a role, because even though individual directors/actors get more experience with age, they also age out of the industry and get replaced with new guys. And besides, it is very often the case that movies get worse as a director ages. Compare The Godfather to anything Francis Ford Coppola has made in the past 30 years. Or Michael Mann's Thief and Manhunter to anything he's done in the past 20. Or Ridley Scott's filmography. There are many examples like this; experience counts for something but old men often lose their edge.
https://towardsdatascience.com/are-new-movies-longer-than-th...
But here again we're looking at Marvel movies and saying that's the entirety of what's being offered in cinema's these days. It's not, but it feels like it.
But there is no general relationship, direct or inverse, between the length of a movie and the quality of a movie. Some movies should be short and some movies should be long. It really depends on the movie in question.