I don't remember it really being any better in the 90's. The only difference was you walked through a metal detector instead of a millimeter wave machine.
Edit: I think there's also a lot of inefficiency. So often I see a huge line, half the equipment sitting idle, and half the TSA agents standing around talking to each other. I don't remember that sort of thing in the before times. Maybe because the security people were employed by private companies motivated to get their money's worth.
There is also no guarantee that the precheck line will be open at the airport for the time you visit.