Wood storms definitely are more work spring + fall and limit egress. The 70's aluminum "storms" are generally flimsy junk, but there are newer high quality exterior storms that do not flex in the wind + are less expensive than even cheap vinyl double panes. See link below to Harvey.
I don't think there is ever any monetary payback for typical modern double panes vs well maintained older windows with storms: as much as $20k replacement cost every 20 years and the R value difference is typically within 10%. Leakage can be addressed in old windows and is not always great in new installs. Even supposedly mid-higher end brands of modern windows have plenty of problems (eg Pella). Even proponents of replacement when questioned often admit to how often they are replacing the replacements. A good restoration job will last at least as long. A broken single pane costs peanuts to replace compared to a double pane and both are equally susceptible to hockey pucks etc.
There are definitely pros to new windows, but my point is the industry really overstates them! Once you tear the old ones out, you can never go back + they've got you hooked. Imho, the industry is suckering gullible consumers into tearing the character out of historic homes. A sign of the times I suppose.
I do agree on the value of rewiring though!
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