Windows reinstallation instead of recovery, is the key still working?

I'd rather have an old Acer laptop reinstall Windows instead of using the factory reset function.

At the bottom of the laptop is the sticker with the Windows key.
If I flatten Windows and do a fresh reinstallation, can I still activate Windows with this key afterwards? Or is there a specially adapted version of Windows installed that is required by the key?

This works out.

Windows 7? I suspect that will no longer work because windows 7 is no longer supported

Windows 10 should also be able to be activated with a Microsoft account, so again shouldn't be a problem

Which version of Windows?

Vista Business 32 bit. (Laptop in the 18th century)

I can't guarantee if and how long Microsoft will keep the activation servers for Windows 7 available. Please call the Microsoft service.

This operating system does not belong on a productive computer - at best still on gaming retro PCs for games from the 2000s with CD / DVD copy protection that are not connected to any networks.