>You're talking about observing a phenomenon that is already observed, Hubble Redshift.
>
>Any detection is a time delay, and would be observed as a loss in the frequency of the light, frequency = 1 / time.

Well, that's exactly the point. A change in frequency can be caused by several phenomena: the Doppler effect (i.e., a relative speed), a gravitational potential as proposed by the General Theory of Relativity, and your hypothetical aging of light. In case anybody takes the "aging of light" theory seriously enough to invest in fancy experiments, any measurements done would have to take into consideration the other causes for the same effect - a change in frequency.

>We don't observe the Hubble redshift or the expanding Universe around here, we observe out there in deeper space.

Are you assuming that the "aging of light" would occur in sudden steps every such-and-such time, and that nothing could be observed if less than a 100,000 years or so passes?

Because otherwise, if you assume a gradual aging, the effect should exist even from the Moon to here - on a small scale, of course. The only question is if we can do measurements that are accurate enough for such a short distance.