IMHO longevity of particular peony has to do with variety, original root division configuration, planting conditions, climate and damn luck
Some are better at maturing than others. I love Florence Nicholls, but every time I divide it (did it twice - not for any other reason than propagation as I like it )) I am wondering what is wrong with its crown - it is developing weirdly and prone to overcrowding and I can not have too many divisions - 2 or 3 max ) Maybe others have better luck with it or it will perform just fine, but I have second thoughts on how it will perform long-term - like 20-50 years.