yup, very true. But I have to say I have a 1989 Formula 292 SR1, dunno if Formula use exceptionally good vinyl but it is still in excellent, pliable, soft condition. And it spends a lot of time in the sun and wet over the last 31 years. The part that has given up in some areas is the stitching lol. Vinyl is still fine but the stitching just rots out. Still takes 65 lbs of dog pawsNot only is today's vinyl not like 10-20-30+ years ago, today's manufacturing process and quality control makes every inch the same reducing the chance to blemishes, splitting and falling apart. The new boats that have marine vinyl lasts 20 years and still look great. With leather, you have remember are animal hides, and even thought highly highly processed with harsh chemicals in the tanning process, it leaves much more chances for blemishes and defects that can come out after you start sitting on them. Again, they have the tanning process down after 200+ years but make no mistake, neither are 'natural' by the time you sit on them.
so ya, todays vinyl is even better so I have no doubt the vinyl will last.
Luckily first edition doesn’t have that color scheme eh lol!!