Is it really Pan F, or Pan F+? (Can you tell? If it's old, the edge markings may have vanished.) Why not just de-rate it by a stop and develop it like normal, with agitation and a typical, shorter, developing time? I don't understand what the stand development is supposed to improve here, if there is a compensating effect it would tend to decrease contrast. I've developed 20+ year old film per typical manufacturer's recommendation and it came out fine.