You have several decisions: down (most large manufacturers have now moved to duck down) vs. synthetic, M's-or W's specific cut and length, and temperature rating. AFA color, all bags are the same color in the dark!
If her 30-yr old bag is synthetic, it lost its ability to keep her warm about 20 years ago. Down has a much longer lifespan when properly cared for and will retain its warmth rating for many more years, besides being lighter weight and more compressible. Synthetic will be cheaper and will still keep her warm if soaking the bag is an issue.
Bags marketed to women tend to be cut more generously in the hips, narrower in the shoulders than mens' bags, and have more insulation. Those who study such things have determined that women sleep colder than men, so a W-specific bag rated for a given temperature will contain more insulation and be heavier than a comparable M's bag of the same length. Length is also important in a bag. I would bet money that her old bag is for a 6-ft guy and her feet get cold. If she is comfortable in a W's regular length, that would also serve to keep her warmer than a bag that is 6"+ too long.
A 20-degree temperature rating seems like a good bet. If a bag is slightly too warm, she can always unzip it.
REI's Joule and Serrana are both an excellent value. Marmot bags are always a nice choice, are sized slightly longer, and at her height she might be able to fit into a W's regular Marmot (she would need a W's long in the REI bags probably).
I still have a North Face Cat's Meow that I bought in the late '80's. Originally sold as a 20-degree bag, I can now see through it and only use it indoors as a quilt! I figure the rating on it presently at about 55 degrees!