Yeah definitely. I swear, those old hard drives have a way of KNOWING when you're about to back them up and failing, just to spite you.
When it restarted it had the click of death. The freezer trick worked long enough for me to grab the few kb of data I really needed from that disk.
I wrote about it here: https://miscdotgeek.com/adventures-in-hard-drives/
Also check any socketed chips and make sure they are fully seated. Chip creep happens when frequently thermal-cycled boards cause the IC's to slowly lift themselves out of their own sockets.
You can do block checks regularly, which takes a looong time on high capacity drives (or is impossible on newer ones due to firmware restrictions).