Without the baseline it might be a tough call on excessive wear, but the reports back usually make note of reading which are out of line.
Since our '99 truck had a 100K service contract on the drivetrain and the 100K warranty on the engine, I took it down to the local Cummins shop and had them put it on the dyno at 99500 miles. I figured that if what it was putting down in numbers deviated much from what it should be doing, I would check into the transmission or the engine for a problem. Well, it turns out there was a problem - - - a frozen wastegate on the turbo was causing the truck to de-fuel when the computer saw an over-boost condition. A re-man turbo assy was the last warrantied item replaced on that truck. For the $100 dyno bill, some serious change was saved.
For the cost of that oil analysis, I would take that step.