Particularly as you get older you become more injury prone and your recovery time slows down. This necessitates being cautious about how quickly you increase weight and how often you go to failure.
The better goal to target is increasing volume, where volume is defined as Sets x Reps x Weight. The literature doesn't conclusively establish that any one of these is "more important" than the others for hypertrophy. The only real caveat when you follow this rule is that at a certain extreme of low weight / high reps (like 50 reps) you wouldn't actually be doing resistance training anymore, it'd be cardio.