Yep, I'm in pretty much the same boat: Original band, older musicians, not much following, sparse opportunities, don't need to try to make money from this. We play for the joy of it. Building up a mailing list and a following are important to us at this point. We've had similar discussions to what you described and reached the same conclusion re "exposure bucks." If I wanted or needed to earn money doing this I'd go join or form a cover band.
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