Without knowing the specific history of your ACD, the browning/yellowing you see around the power LED can probably be remedied with a little bit of “
retrobriting” — if you’re willing to disassemble it again and apply hydrogen peroxide and an ultraviolet light source (which, if where you are the angle is high enough, can be the midday sun). Being powered on (and the LED running therefrom) won’t yellow the bezel. The LED isn’t powerful enough.
If, however, the yellowing didn’t come from exposure to bright environmental lighting (such as fluorescent tubes in an office setting or next to a sunny window for years at a time), then it’s not beyond the realm of possibility that this ACD once lived in a home where indoor smoking was extensive.
But given the way old tar retains old smoke odours on everything to which it adheres, you’d probably have already noticed this with your nose. If the yellowing of the plastic came from that, using a water-dampened, melamine-based “magic eraser” sponge ought to remove the tar grime.
I can attest that a well-kept ACD (my 20-inch model is from 2003), even one used non-stop for almost all of that time, which
hasn’t been subjected to the classes of harsh elements like either of those I described, should continue to shine the cool white found in all of Apple’s white-LED-equipped products.
As for HDD hours…
The powered-on hours of the HDD(s) in your MDD G4 is not an indicator of how much environmental exposure your ACD has been subjected to, nor is it an indicator of how long your MDD has been powered on, cumulatively, since it was manufactured.
HDD uptimes of roughly two years, per S.M.A.R.T. report(s), is not exceptional for OEM HDD(s), especially for a desktop system which is anywhere between 16 to 18 years old. To wit, some of the HDDs I run in my Power Mac G5 — WD Black HDDs —have as many as 58,800 hours (that is: going on
seven years) of use, and those were units I bought in 2010. (They remain RAID-mirrored and monitored for imminent failure by a third-party utility called softRAID.)
To double-check the actual age of your MDD’s HDD(s), take out the hard drive(s) to see precisely when they were manufactured (many have the date of manufacture on their labels). They might be as old as the G4 itself and thus OEM unit(s), or they might be aftermarket unit(s). If in doubt, get a replacement HDD.