Folders vs metadata is a very old discussion. I think it’s even older than the early days of Web2.0 where it nevertheless became a major topic again. Nowadays users still like to work or think in folder structures and for instance organize their files like that. One of the downsides of physical folders is that a file can only reside in one except duplicates or links which of course have their downsides, too. So what if you would have a typical “file explorer view” with a tree structure based on managed metadata where you can also have typical drag&drop options to copy, move or link your objects
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https://github.com/mmsharepoint/react-taxonomy-file-explorer