As Ron describes it, and from what I also read in literature, there are two separate forms of sensitization: spectral sensitization (i.e. make film sensitive to wavelengths it would normally not respond to), and sensitization for extra speed (make film more sensitive at all wavelengths it is sensitive to). While spectral sensitization is generally done with very complicated and expensive dye molecules, sensitization for speed was usually done with Sulfur and Gold until supersensitizers were discovered, which are again some very complicated dye like molecules.
If faster films' speed relied more on these (then novel) supersensitizers, and if these supersensitizers from that era decay faster than regular speed sensitization, then we might have an explanation for Charles' observation. Charles: would you care to test/check, whether this decayed 400 film is still equally sensitive to red, green and blue?