While i know Bitcoin Core provide documentation to build for Android[1], it doesn't seem that application distributed by Bitcoin Core developed based on Bitcoin Core release page[2-3]. I wouldn't recommend anyone to install that application without further research.
I wouldn't use a very old phone, you're going to need enough RAM. I'd say give it a few years, storage capacity increases faster than the blockchain size.
There's no need to compile, Bitcoin Core provide 32-bit and 64-bit ARM binary[2].
[1] https://github.com/bitcoin/bitcoin/blob/master/doc/build-android.md
[2] https://bitcoincore.org/en/download/
[3] https://github.com/bitcoin-core/packaging/