"Muscles hung on in the top ten until 1976, 24 years after his first
appearance on that list. He continued to enter tour events until 1980.
At age 45, he won his first-round match at all three tournaments he
played."
He gives a good argument for variations of the slice backhand and the video is descriptive so I've included it. As a comment related to the video, here is my take on whether this is new or just used more often. I think also that the changing equipment has added to this option in style.
I
learned the old-school slice backhand with a wood frame by watching
Rosewall. I often used the "modern" style, as Jeff describes it for
handling lower balls or choosing to add sidespin. Done to an extreme, I
remember it as "peeling the orange, " and we'd use that on "body
volleys" or an approach. I believe I've seen Rafa use that fairly
often, while Fed used it for the same purpose among his many variations.
Here is a good demo that I found on Youtube if you want an example of a very smooth and effective looking slice backhand.