The BIG reason manufacturers put expiry date on chemicals is that
there were fewer knowledgeable photoconsumers in the '80s and '90s,
fewer knowledgeable sellers, and a woeful decline in the expertise of manufacturers representitives. The final straw was the internet, whose advent allowed consumer error to be blamed on the manufacturer and spread broadcast throughout the world.
In the old days, a store carefully rotated it's stock. It was a time consuming process, which involved getting on one's knees and (sometimes) working up a sweat. It had the benefit of teaching the bottom-rung employees a chance to learn their job, or at least become familiar with the names. Sometimes to ask the boss a question like, "Why so many kinds of developers?"
But that was another era. Easier to just put a date on the bag and C-Y-A.
I recently was given a couple pounds of meto,l c.1975. I tested it in D72: worked fine. Mixed some D76H. Worked fine, according to the calibrated step wedge and densitometer. Now, there is NO way I soup film in that stuff if I can help it, because I am suspicious by nature. But there is no way I won't use it for paper developer.
Test, test, test.