I have an old Pixel 5 which I stopped using because Google dropped Google Pay (tap to pay) on it. I moved to a new device (Pixel 9) for daily usage but still have the 5 laying around (due to low resale value).
At the time I moved, Pixel 5 was about 1.5 years (November 2023) beyond Android security updates. I still love the form factor (more than the bigger 9 I use now) and it has much more life left in it. I'd quite like to use this as a backup device for basic utility (camera, phone, SMS, basic read-only web use) and to take with me for runs and travelling.
Would installing GrapheneOS on this device likely make it more secure? Do Graphene releases work the same on all devices, or is it sort of device-by-device basis?
Regarding NFC payments, the apps themselves refuse to run on non-vanilla OSes due to spurious security concerns and Google's maneuvers behind the scenes, but there are reports that Curve Pay works, at least in the UK.
I only mentioned NFC because you mentioned Google Pay.