Prunus are not long-lived trees, 30 to 50 years is typical. The lichen on your bark isn't harmful, just an indication of great age. Yours is right there. It probably has either a lot of deadwood as pictured, which shouldn't be there on yours, or on others has had a lot of the deadwood removed and not entirely replaced by new growth, because the older, poorer-growing branches haven't been removed soon enough. They are small, weak-wooded trees that evolve to either have too much old wood that is higher than the species has the ability to convey sap to grow new wood, or are over-pruned to keep free of deadwood and begin to sucker like crazy. Suckers are ugly and their removal sort of hastens the degeneration process because the renewing process of growing new wood is thwarted. All of this makes for a short-lived tree.
In really good years Prunus (and many other healthy fruit trees) will have a big crop which takes all the tree's energies to ripen, which ripening process carries into autumn and that limits the ability to set buds for the next year. So, very few flowers in that following year. That means it can set a whole passel of buds for the 3rd year and again, very little in the 4th, ad infinitum, back and forth in alternating years.