As of the April 2001 patch, food/drink should have duration (e.g. Iron Rations last longer than Rations, etc.) and crafted food should have stat bonuses.
Evidence:
http://www.tski.co.jp/baldio/patch/20010417a.html
Quote:
Food Changes:
Food items now have a 'duration'. This means that some food items will not sustain a character as long as others, and some items will sustain your character longer than they did before.
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http://www.tski.co.jp/baldio/patch/20010417b.html
Quote:
Food Changes:
Along with the other changes mentioned in the patch message, some player-made food items will now have an effect on your character beyond just keeping him from being hungry. We'll leave it up to you to discover the rest.
We've also added the ability to right-click food to 'force' your character to eat it. This will cause the food to be eaten immediately (though your character can only eat so much food at one time). Food eaten this way will only last half as long as food eaten naturally by the character.
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Food/drink on P99 already list the duration information, but are consumed at the same rate regardless.
Though the list includes some Luclin recipes as well, a list of Velious baking recipes conferring stat bonuses is here:
http://www.eqtraders.com/recipes/rec...r=080020000000
The patch notes above confirm that the Velious recipes shown in the link above are, in fact, era-appropriate for P99.