Hovenden's paintings often depicted scenes from everyday life, and his subjects were often ordinary people. He did not typically name his models or provide specific details about them. Therefore, it is impossible to say with certainty who the model for "The Old Shaver" was.
It is also important to note that the name "Archie Lane" is not widely known or associated with any historical figures. It is possible that you have misremembered the name or that it is from a fictional source.
If you have any further information about the potential model or the context in which you heard the name "Archie Lane," it may be helpful in identifying the person.