This is exactly how I see it. Laurel is in her 40s now, and yet she's been selected for the Olympics - despite not being anywhere near good enough when she was competing as a man 20 years previously.
In respect of an athlete who's been taking part in a sport for a couple of decades, I can't think of any sport which requires strength, skill and power where you get better in your 40s. Nothing improves in your 40s in respect of sporting prowess.
To put into context, Lu Xiaojun, one of the greatest weightlifters of all time is expected to retire after this Olympics at the age of 36, and it's considered mad that he can still compete to that level at his age, and he is 7 years younger than Laurel. In weightlifting you age into 'Masters' at 35.