Greetings, pop
Young or old, once a colony is oxidizing all the ammonia and nitrite there is, it doesn't get any bigger.
As I visualize it, a young,
growing colony grows fastest in the filter, where most of the circulation and oxygen is. It gradually spreads all around the tank, sticking itself to surfaces, including plants and livestock, and the substrate. Correspondingly less is then being handled by the filter. Proportionately, how much is on the surfaces depends on the circulation and oxygenation it receives. But the overall colony remains the same size.
As you accurately point out:
... less mature bacterial colonies may process the same amount of ammonia as mature colonies... But I don't understand what CO2 has to do with it. The nitrifying bacteria fix nitrogen by adding oxygen. So you get nitrite (NO2) and nitrate (NO3). Do they produce enough surplus O2 to be bound with CO2? I thought they just released H+ ions.
In a mature tank there is also a thicker richer biofilm where the nitrifying bacteria live, in a soft comfy bed of other bacteria and fungi, which nurtures and protects them. (I can't remember what it's called right now .) I'm sure that has something to do with the phenomenon that Tolak and I and others have observed -- that a mature colony grows faster to accommodate increased bioload. Then there is that the filter is no longer growing bacteria at it's maximum rate, so it has extra capacity available.
I also agree with:
...a mature biological filter which is one of falling pH and rising nitrate. Part of the waste product of nitrifying bacteria at work is acid (Is it carbonic? Nitric? Tolak knows what kind.) which lowers the pH. Conscientious old-time fishkeepers perform water changes to prevent the resulting old tank syndrome.
Please don't take umbrage that I neglected to look up some details above.