The brass is the hard material in this case so thats what wears. Might well be better material options. At a price. Usual automotive cost-material-design compromise I imagine. Whole valve block is a fairly standard way of doing such control for its era but the usual industrial rated way of doing things would have been too expensive so i imagine the engineers had to work hard to get the price down to something reasonable. Those sort of compromises tend to bite after 10 or 15 years.
Personally I'd look for a screw in valve with fully threaded housing rather than modifying one to be trapped by an O ring. Looks easy enough to modify the hole size and tap appropriately.
Wonder if it would be practical to duplicate the whole unit with modern, miniature, " join the blocks together" style electro-pneumatic parts. Pressure might be an issue as many of the less expensive ones top out under 100 psi. Distributor price for that sort of valve seems to be of the order of £30 to £50 a pop which will be too much but careful direct from China shopping might make it work. Order of £250 for all new, industrial quality, drop in replacement would certainly attract me should I have more problems.
Clive