Discs are more likely to fail, and for that matter, so are many other parts of the hardware, but the controller card could fail, and Sods Law dictates that it is likely to at the most inopportune moment.
If the controller does fail, and you start looking around for a replacement, and find out it's out of stock for a month, or worse, no longer manufactured, you are stuffed big time.
Discs of the same size (or bigger) can always be acquired, so can most mass market commodity PC bits, or at least something which will be close enough to the original system to run what you need to run. Without a suitable matching controller, you can't get to the data, although to be fair, as others have said, you should have backups, but they could still be missing some vital recent change to the data.