It's only four years old!You have apparently made up your mind and decided to use the old mixing elbow.
I think it one wanted to throughly inspect one, you would remove it and hold it and strike it with something so that you could hear it "ring." That might tell you a lot about the condition. But I think with a 4 year old elbow, and 1,000 hours, the kind of hours the owner describes, a visual inspection would suffice.