Coated bores, water cooling, retard curve ignitions, piston and ring design and metallurgy improvements, universal silver coated big end cages and thrust washers, boost porting giving improved under piston crown cooling, power valves, combustion chamber design understanding, have all made a big contribution to 2 stroke reliability.
If anything, oils have only incrementally improved (perhaps as much because a more affluent market is willing to pay for stock that was available, but unaffordable 40 years ago) but overall not really become much better because of decline in the use of Castor bean based product.