Wow, this is crazy seeing galvanized pipe for water service or drains. But they didn't have PVC back then so they didn't have a lot of options. One thing I noticed from my old (old by Florida standards) 1957 house is that even when they used copper pipe for drain lines, the DWV drain pipe copper is too thin and after about 30 or 40 years, they fail because of any acids or impurities eats right through the thin wall of the copper pipe. To be honest, what lasted the longest in terms of original construction on my house is the 4 inch cast iron waste/lateral lines. They are so thick that the iron is completely fine under the scale/rusted surface. It seems that unless something is thin, the cast iron actually does well here surprisingly. It's the galvanized steel that is a joke and has no chance here.