My MIL is 83 and is having minimal ill effects from chemo.
Granted she has been a very healthy woman to this point... a little artritis and a pill for an abnormal heart rythm, but she also goes to the gym for water aerobics with a group of elderly 3 times a week.
They started her with 2 weeks on, one week off with her chemo she was nauseous and anemic.... When they switched her to one week on, one week off, she has done much better.
She needs a nap every afternoon, and she had little appetite (although she makes sure she eats 3 meals a day) and she is losing her hair... but she is taking the treatment well. She hasn't even taken the composine the prescribed.
My advice, start the treatment and see how the responce is...
every one is diffrent, and let the decision weather to continue or not up to the patient, only they know how they REALLY feel.
Blessings to you and yours.