in the past there were 4 NY bowls: Rose, Sugar, Orange, and Cotton. The Fiesta Bowl became a player when the moved to NYD and the Cotton lost prestige when the SWC collapsed. Making the big 4 was an accomplish. Being in a bowl game had some meaning as there were fewer bowls, a team could finish 7-4 and be left out.
Today there are essentially 8 NY bowls so yes, the standard is lower. Teams with 5-7 go to bowl games today.
Paterno’s 94 Rose Bowl win was a greater accomplishment than Franklin’s ‘23 Rose Bowl win. Paterno had to win the conference to go. Franklin backed into the game because two better conference teams went to the playoff. By 1994 standards, 2023 PSU would have been in the Citrus bowl at worst.