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If he were shooting to be president from 60-68, sure, great. But teeing up a run from the VP slot means he's looking at 68-76. That's starting the most important job in the world past retirement age.
If he were some genius lawmaker with big new ideas, maybe you excuse that because they're uniquely valuable, but nothing seems like he's a big ideas man. You don't need to push limits just to preserve the status quo.
VP doesn't have to be about setting up a Presidential run. Harris was VP, but lots of Presidents weren't a VP. Can just be aimed at shoring up the current ticket.
Cheney is the only VP in recent times that served with a 2-term president and didn't go on to get the nomination and run for president. Biden was supposedly selected because Obama didn't think he had a run in him so he'd be dedicated to the administration, but ended up running anyway.