I think your on to it Kenny. I just tried this and opened an old project I know I haven't opened in SPLAT and sure enough, no master buss. And holy cow, lots of orphaned plug ins. I noticed he list of orphans included things I would have only used on the Master buss. so you can always take a screen shot of the list.
I have no problem with these things as I would never use what ever I used back then anyways.
I learn how to use better tools almost weekly and first thing I do when I open old projects is delete all the effects I used and insert new improved plugs. Same with most of the VST's. So as long as my midi and audio is there I'm more than happy to re work old projects and they will always be improved in this process. It's the part of this Hobby I enjoy the most.
As been said a million time here. If you really are needing to re visit old projects you have 2 choices.
1. Maintain a system and version they were created on.
2. Produce back up copies that are future proof. This includes freezing synths to audio.
Making notes about settings for plugs and VST's, saving the project as a midi 1 file and making sure everything is saved to a folder.