I’m not aware of any study that shows older horses with EPM do worse than younger horses when treated. Mostly that means some recover, some partially recover, and some go downhill despite everything you do for them.
What throws a monkey wrench into the situation is: are you sure her clinical signs are due to the EPM? EPM is an “easy” diagnosis in that you pull blood or (gold standard) do a spinal tap, find evidence of EPM exposure and call it EPM. The problem is plenty of horses live symptom free with EPM, get some other injury, get tested for EPM because any horse that’s “off” is an EPM candidate and then get diagnosed (correctly) with EPM, only to find that resolving the EPM still leaves you with an “off” horse whose real underlying problem is still unaddressed.
Once upon a time every horse that was the least bit off got diagnosed with EPM. Then we moved on to Lyme and now we seem to diagnose everybody with kissing spine. They’re all real illnesses but there are lots of horses out there with EPM, Lyme disease, and kissing spine all at one time that are totally asymptomatic. If one of those horses injured its psoas tomorrow, it would likely get treated for EPM and Lyme and kissing spine before it finally got it narrowed down to the psoas. These diseases are common (dare I say “popular”) findings and only require some blood or an x-ray that can often be done in the field, unlike more complicated issues like a pelvic fracture, spinal trauma, or nerve sheathe tumor.
Is the horse safe to handle still? If the horse returned to its prior level of work would you consider its quality of life good or was it already being nursed along with daily pain medication, etc.? If the horse is safe, has good quality of life, you’ve go the money, and you’re willing to try - you may get a full recovery. Or things don’t improve or they worsen and you may rest a little easier knowing you tried and now it’s time to gently say good bye.
Good luck. Whoever develops a crystal ball that helps me decide what treatment plans are worthwhile and when it’s time to give in to the inevitable earns my undying servitude.