I have been to literally hundreds of homes for calls of partial power, and very very rarely is the cause a detriorated copper conductor or connection. The overwhelming majority is due to a failing aluminum termination in the meter socket, at the main breaker or a deteriorated neutral conductor in the SE cable. I have personally seen home appliances catch on fire when the service neutral opened because of a deteriorated aluminum neutral (there was no grounding system in the home). A modern grounding system would help prevent that from happening, but then you would have a large amount of current on the grounding electrode conductors. I have never seen a coppper conductor deteriorate to the point of completely opening the circuit.
I use copper SE cable for almost every service upgrade that we do. Another good point about copper is that when upgrading a service, you can usually use the same hole in the wall without having to drill it out larger...an important aspect when the foundation wall could be 18" thick stone.