To explain spine, without getting you lost in the weeds, is basically the stiffness of an arrow. The lower the number (.300 spine compared to .400 spine) the stiffer the spine. When an a bow's energy is transferred into the arrow, the shaft absorbs that energy. How the arrow recovers from that transfer of energy depends on the spine (stiffness) of the arrow. There are all kinds of videos on the web that show this transfer of energy in slow-motion�your arrow actually wobbles as it comes out of the bow.
To answer your question, it really depends on how old is older. The older bows do not have the energy that the newer bows do, therefore will not need as stiff of a shaft. Without having any information, other than what was given, I would go with a shaft that has a spine rating of .330-.350�it is better to be slightly over-spined than to be under-spined. If you can provide the name of the bow, we may be able to zero down that year a bit and get you closer to a more exact answer.