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Magento configurable products from simple products 2.3

We’re currently using Magento 2.3 as back end and vanilla php as our front end. My company wants to use configurable products as we have products that have different sizes, flavors, packaging. We currently already have almost 4000 simple products.

We already have the custom attribute “group_id”. Wouldn’t this be enough to use for a product that has different product options? Products with the same group_id can be retrieved from the product list to be displayed in the front end.

What would the advantages of recreating the whole simple products to configurable products?