The LaserJet 4/4L/etc... and LaserJet 5 printers were truly great printers. We have at least one 5 still running here, and we just auctioned off the rest of the 4's and 5's a year ago. They're completely serviceable and probably designed for a duty cycle of about 20,000 pages per month. That's low for a printer of that class today, but still more than most home users would throw at it.
Printer repair isn't my core job, but I've had many of these apart over the last 12+ years. It's not hard at all to tear one of these (or newer models of the same class) right down to the frame.
There's not a whole lot that can go wrong inside a laser printer. If you get vertical lines, the drum may be worn, scratched or have dirt lodged in it. Low toner usually results in vertical bands. Both the drum and low toner would be resolved by simply replacing the toner cart. The transfer roller can get weak (black spongy roller beneath the toner cart) and cause problems with pulling the toner off the imaging drum down onto the paper.
Besides the toner though, the only parts we generally have to replace regularly on workgroup class lasers is the pickup rollers and the fuser. The fuser is just a hot iron that melts the toner on the paper. When it doesn't get hot enough, it doesn't properly fuse the toner. It's less of an issue on printers from the 4000 series and older though, as those were before the "fast start" fusers became prevalent. The 4/5 printers aren't very fast either. With newer printers like our 4200 series printers, the paper passes through at amazing speeds, and the fuser must do its job in a *much* shorter time.
FWIW, we had only one 4/5 series printer (out of 8-10 printers) that became a lost cause. The formatter (i.e. processor) failed. It was repairable, and wouldn't have cost much, but nobody wants a 15 year old printer that prints at 10-20% of the speed of the newer printers and takes 2-4 minutes for the fuser to warm up. I tore the carcass down and gave the spare parts to my boss, who has a 4M+ at home.