I've never heard that. I've actually had a tiny bit better luck overclocking used "seasoned" CPUs that have been broken in. The exception would be if the CPU has been exposed to long term excessive heat. But, the average CPU should be fine. Sometimes the thermal compound will "cook" down to a dry paste which will reduce your cooling and cause you to lose some overclocking abilities, but once you clean it back up and reapply the thermal grease, you're fine. But, it's unlikely an old Pentium will even have thermal paste. Stuff like lapping the heatsink, installing a more powerful fan, and using Arctic Silver would all help lower temps and improve your overclocking success.