Considering his age and heart status, I would suggest non-operative.. Grade 3 AC joint dislocation is a grey zone which can be managed operative or non-operatively. Please share Xray n problems that your father is encountering.
Next Steps
Consult directly with me on Practo for detailed discussion on treatment via chat/ audio/ video by the following link:-
https://www.practo.com/panchkula/doctor/rohit-malhotra-orthopedist