Perhaps I could add that up to about the 1970s the usual arrangement was Boiler - Open vent - Pump - Rads - Cold feed. In that case, when the pump starts the level in the open vent pipe falls by perhaps 1m, due to the boiler headloss, the level in the F/E tank rising a few mm due to larger area. Then when the pump stops the reverse happens, an effect known as see-sawing. So there is ~ 0.3 litre of potentially aerated water entering the system every pump cycle.An open vented system has a header tank (F&E tank) usually in the loft. The tank is open to atmosphere so if the surface of the water is agitated it can absorb air (oxygen), which can be circulated and cause steel radiators to rust. That only happens if the system looses water and needs the ball valve to open, to top the tank up, or make up for any evaporation from the tank.
Another mechanism for introduction of oxygen, is via the vent pipe. This rises up from the heating system, then curves over at the top, to end in the tank just above the surface of the water. In a badly designed system, water from the system can be 'pumped over' - water will flow out of the end of the pipe, to flow back into the tank, which introduces air into the tank. This simply should not happen.
Nowadays the arrangement is Boiler - Open vent - Cold feed - Pump - Rads (open vent and cold feed not more than 150mm apart) giving much reduced change in levels. So ingress of oxygen is much lower.
My system is about the same age as yours. I replaced the heat-only boiler and converted to W-plan in 1999. Boiler is Ideal SE50, needed a few minor repairs but still working fine. I scrapped the galvanised F/E tank for plastic in 2010.