I am distressed by the discussion of circuit breakers in this thread.
First of all, because the links posted clearly -once you plow through them- do NOT apply to the sundry breakers we have in our household panels. For example, the 'trip test' method of applying 3x rated current is completely at odds with inverste time breaker operation and UL tests. NEMA, UL, and the breaker manufacturers themselved are united on this point: there's no way to 'test' a breaker's ability to trip at the desired level. There was even an ASTM standard withdrawn because of mis-application by 'used' equipment vendors.
More importantly, the discussion of breakers has pushed aside the discussion of the limited life of ALL equipment. To answer the OP, the NEC does not address this topic at all. The NEC is an installation standard, not an operations manual.
Everything, including enclosures, switches, receptacles, and wires, will 'age.' This aging is caused by simple time, and can be influenced by the specific environment. Conditions of use and maintenance will also have an effect. Now, the NEC does require that materials and methods be 'suitable' for the environment, and I can see an inspector asserting that something is inappropriate when there is evidence of damage- regardless of a code provision elsewhere that would seem to allow the use.
It's too easy, but 'let the market decide' certainly has a role here. There's a reason $20 receptacles are made and sold, despite the presence of $1 receptacles on the market. There are reasons folk buy QO instead of Homeline, and certain other brands are out of business.
Nor can any code change the simple fact that some folks are harder on things than others. In commercial TI work, I often see adjoining units where one is in nearly pristine shape, while its' immediate neighbor has broken receptacles, scorch marks at the switches, and flickering lights.
For the cynic, let me point out that the desire to 'choose the best' has led to several discussions here where objections have been raised to the use of 'commercial' appliances in homes. That enough folks would want to replace the $300 Mart-master appliance with a $10,000 Super-Pro to make this an issue... that is proof enough (to me) that folks really do want more than the 'least possible.'