I think the answer to the same average times at 64 as at 19 is that it is not measuring just fitness levels.
You have 3 factors in there - the natural fitness level at a particular age, how close to your capacity you are running and who enters races.
As Nykie says, it is mainly the faster runners that stay with it as you get older. Looking at average times in a race for the older runners by vet cat, and then applying age grading, tends to prove this.
You can also say that at 19, the runners will be less likely to be running to capacity as they have yet to learn how to run to their best while the 64 years old will certainly have the experience to know how to get the best out of themselves.
So whether a person can be faster in their forties or even fifties than they were in their thirties does depend on whether they were running to their capacity in their thirties. If they were not then it is possible but if they were then it is unlikely.