I was of the same opinion for years, but I am rethinking my stand on that. There is no scientific study, or even casual data as to the effect of no stretch/low stretch strings on old bows. It was just verbal taboo.
Right now I have a 450+ bowstring on a 1967 Shakespeare Necedah. The string is as quiet as my old dacron was, and the bow is much more pleasant to shoot...little vibration on the shot itself. To me, we have overstated ths situation.
Perhaps, the less vibration negates the other aspects like no creep, etc. Only way to find out is to try. That's why I'm trying it. 8^). I've got probably a thousand shots or more now through the Shakespeare with no ill effect. What I do have is a bow that gets a cleaner release, shoots a wider variety of spines, and is noticeably quicker to the target.
What I did do was make sure the string notch was rounded well with no sharp edges to catch or be affected by the new strings. I think that could be an issue more than anything. For now, everything is working well wit no discernable wear to the string nock area or laminations.
Performance is a funny thing, and maybe what we get from the low stretch isn't as detrimental as we first thought.