The UPS coddling the M2 printer began complaining about a bad battery, so I ran (nearly) all the UPS batteries through the tester:
The two blue flubs in the lower left come from the failed battery, with the dotted trace after charging to 13.7 V and letting the current drop to 20 mA.
The red and green traces come from two other UPS batteries installed in 2016, with the dotted traces after charging similarly. The orange-ish trace is from the battery in a Cyberpower UPS bought in 2016, so it looks like all batteries of that vintage fade equally.
Except for another pair of batteries in another UPS that had discharged stone cold dead; it may have been shut down and unplugged during a power outage and they never quite recovered.
After five years, it’s time to refresh the fleet …