Hi Chris,
That looks in line with the transfer rates of LTO-1.
Number of files, speed of your network, size of files etc can all affect backup speeds, as well as the wear-and-tear you mentioned. That's a likely cause as well.
However, I'd start by rebooting your tape drive and your backup server if you're able too.
Then have a look. THat said, BEWS has better management of speeds when backing up. It might not be a significant increase, but it is known to run faster. If you can upgrade (for you it's going to be a multi-step upgrade), you can look at that at some stage too.
Laters!