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1. Using formula to replace "1" and "0 with "20" and "19":
IF Substring([date],0,1)=='1'
THEN ('20' + Substring([date],1,9))
ELSE ('19' + Substring([date],1,9))
ENDIF
2. Changing string to readable date format, then changing column to date type using Select tool:
DateTimeParse([date_new],"%y%m%d")
3. Validation using formula and filtering for mismatches (column=1) in joined table on legacy table date columns:
IF [DateTime_Out]!=[date_new]
THEN '1' ELSE 0
ENDIF
solved!