Hello mbrooke,
it is quite strange, to me, to refer to a 30 years operating lifetime: generally a 50 years lifetime is considered here for ACSR conductors (obviously excluding zones close to the sea); we have severeal thousands km of ACSR conductors installed in the '50s or even before.
Indeed you can live with some loss of strength: but you have to take it into account when designing the OHL, mainly increasing the clearances, eventually leading to higher construction cost, visual impact and lightning exposure.
Consider that, for a 31.5 mm ACSR conductor with a 350 m span, the clearance will be reduced of about 1 m when increasing the operating temperature from 70 to 100°C.
So that you have to consider higher clearances to use the conductor at 100°C, both because of the creep and of sag increase: operating an HV transmission line at this temperature is useless in most cases because at 70°C you are already operating the OHL HV line at about 4-5 times the SIL, so that most probably it is not the conductor ampacity to limit the active power flow.
Generally, our practice is to design transmission lines to operate with an average load slightly above the SIL, with an "economical current density" of about 0.6 ÷ 0.7 A/mm2 and, consequently, a very low operating temperature.
Clearances are however evaluated to allow continuous operation at 70 or 75°C (I would define this a LTE).
A further 20% ampacity is allowed, as a rule of thumb, for 15' (I would define this a STE) if the loading was below 80% of the rated ampacity at 70°C, mainly relying on the thermal inertia of the conductor.