Is this useful for hobbyists besides poking around and seeking the design philosophy at work back then?
Like would there be any advantage or reason to implement this in a home project? For example maybe that it's lightweight and has some rare compatibility or anything like that?
There are a lot of decades old embedded systems out there. Every so often you hear about a big company still relying on floppy disks and other old tech, including major railways and airplane companies. Having the source code will help with debugging better than having to disassemble or other reverse engineering.