I can attest that Lorcin mags do indeed wear out, but they're made of ball point pen grade springs, so you can actually stretch them by yanking on them and get them to work again. Maybe not the best thing to do, but... well it is a Lorcin .25 that I have, so really, who cares what happens to it.
Anyway, don't leave things like BAR mags or the magazine in your old Combloc M44 loaded. Those mags will go bad owing to the leaf type spring. Regarding BAR mags, that's what I was told. Regarding an Combloc M44, I had it happen to me.
There's also some discussion as to whether certain makes of AR mags, usually the GI type ones, really ought be left fully loaded for a long period of time owing to potential issues with the feed lips. The Magpul mags that everyone is so fond of lately come with a cover that you're supposed to keep snapped in place if you leave them loaded to prevent this.
Some companies also cranked out magazines of full capacity prior to the 94 AWB and these sometimes still turn up new in the package as "new" mags, since so many were made. I received "pre ban" S&W 5900 series magazines as my "new" mags purchased from CDNN as late as 2006. During this "crank them out period", quality control seems to have slipped. One of the S&W mags seems to have issues with ejecting properly and quality is even visibly different than recent MecGar mags or 1970s 59 mags. The specs probably were off from time to time.
I see no reason to doubt S/W Lifer's experience, thus I'm wondering if it wasn't S&W 5900 series mags that went bad dating from the "crank them out" era.
The Check Mate Industries - CMI - Beretta 92 mags are also problematic. These are frequently encountered as military contract mags, but can cause problems if actually loaded to full capacity.
Then there is the matter of leaving tube fed shotguns loaded for prolonged periods of time. If you do, you may well soon notice that the plastic hulled shells can become notably deformed from the pressure. This might or might not cause a jam. It's been posted about before, usually reported by Mossberg 500 owners. I've noticed deformation myself of buckshot shells left thus loaded. This ammo gets pulled and throw in the practice pile.