Re: significantly lower power degradation over time
The approximately 88-year half life of Plutonium 238 is a certainly major limiting factor on the useful life of an RTG, but not the only factor. Helium gas is produced by the fuel decay (when a Plutonium 238 atom becomes Uranium 234 by emitting an alpha particle - a Helium nucleus). This tends to reduce the electric output because Helium gas has a relatively high thermal conductivity, which (slightly) reduces the temperature difference between the hot and cold ends of the thermoelectric conversion elements within the RTG. The lower the temperature difference, the less electricity is generated via the Seebeck effect. See: https://en.wikipedia.org/wiki/Thermoelectric_effect#Seebeck_effect
To counteract the buildup of Helium, some RTGs (in particular the SNAP-19 Viking RTG) had a reservoir of mostly Argon gas atop the RTG housing that would very slowly permeate through a Viton O ring into the RTG housing. Argon's lower thermal conductivity helped to maintain a higher thermal gradient across the thermoelectric couples.
Another life-limiting factor is degradation of the thermoelectric elements due to continuous exposure to high heat. The materials tend to very gradually sublime, which reduces their mass and thus the resulting magnitude of the Seebeck effect.