Let us have a short look at the mathematics of PE. It uses the set of functions Aa(n)
Aa(n) = (a-2n)n2 = an2 - 2n3
One readily sees that
A17(5) = 175
A17(6) = 180
A17(7) = 147
are the ages of Avraham, Yitzchak, and Ya'akov. The implied age is
A17(4) = 144
and is the only one left that is over 100. The ages
A17(8) = 64
A17(3) = 99
will be explained later.
The maximum age is reached when
2an - 6n2 = 0
which is at n = a/3, for continuous n, and the maximum reaches the value
Aa(a/3) = (a/3)3
For a=17, the value a/3 is closest to 6, and therefore Yitzchak reaches the oldest age.