I refreshed a few Macbooks for friends, cleaning the insides, re-applying high quality TIM, replacing fans and battery, and upgrading RAM and SSD will make a world of difference, people easily squeeze a couple of extra years of life out of them. They will cost less than £200 combined.
I just did this for my MacBook Pro 2016, it just reached that age where I thought id give it a go as its worth less now, instead of the many thousands it cost.
Absolutely astonished at how much faster it is now, I hadn't realised how rubbish the paste apple uses is - I cleaned the insides, applied some MX4 neatly and my average CPU speed has gone from 2.5ghz to 3.2ghz and the temps are about 20c lower now on average, bonkers. Under sustained load the max temp is now 91c instead of 100c as it used to be.
Very much recommend people put some MX4 or Grizzly on for a nice boost in performance and a much quieter system overall, its a lot snappier as its throttling less.
I was so impressed I did the same to my Mac mini 2018 main desktop rig (i7, 64gb ram), again the thermal paste was horrendous, dried and flaked to bits already, however the thermal improvements are less noticeable here, about 74c on desktop instead of 85, and still hits around 98c under load maxed out, better than the 100c it was before I guess! lol
I'm half tempted to custom cool my mini - as long as I can find a place out of site for it - basically take it apart then mount a large fat heatsink on the CPU and use it upside down with the CPU heatsink sticking out the hole in the bottom - it would have to be an offset heatsink to get around the ram of course - would cool easily then an maintain low temps - I wonder if anyone has done this?