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The risk is also that the windows in the common areas eg entry doors, external laundries, cleaners room etc won't have been replaced as they are no-one's responsibility.

The replacement of windows IS a BC cost (ie you are part of the BC, so it is your shared cost). If some of the owners are paying to replace the windows, and others then refuse, it is likely that the BC will have to pay to replace the windows of those who haven't replaced - so you get to pay...

Replacement of wood for aluminum is an upgrade, BC is only required to maintain or replace like for like and not let the building deteriorate. A 2-3 year time frame sounds reasonable for the BC to raise special levies to cover the cost. Both are valid maintenance and safety issues...