Mike
I have taken apart original 40 year trailing arms and found the bearings still not too bad and then others where they were seized on the spindles. A lot has to do with the way the car was used or stored. High mileage would be a concern and a car stored for years exposed to moisture is another. I had a arm in from Ca off a car that sat for years outside. The owner got the car going but heard a thumping sound out of the rear. He shipped me the arm and I found the bearing cone eating into the bearing race like a zombie! If the car was driven much like that the bearing would have seized and possibly broke the spindle. As Hib mentions check the endplay and rotor runout so you know where things are. How does it feel when you spin them by hand?
My opinion is if you plan on keeping the car and/or plan on driving it alot , rebuild the arms. You can email or PM me and I'll link you to my indepth thread with a ton of pictures on how to do this job correctly. Many places rebuild them,some do a good job others terrible- I've been sent enough of them to know and have a stack of pictures of the various things I've found with them.
Here is just a sampling of things I have found.