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Migrating from Magento 1.9.4 to Magento 2.4.1 – use the The Magento Migration Tool OR do it manually?

Magento 1.9.4 to Magento 2.4.1

We need to migrate from the older version of Magento to the newest. My plan was going to be to:

  1. Install Magento 2.4.1
  2. Export Customers, Products and Orders via CSV files from the old Magento, correct the column headings and import into new Magento.
  3. Configure themes

Now I came across this ‘Magento Migration Tool’ and I wonder if it’s better to go this route? Would I need to set up the websites/stores/storefronts/categories or anything or does the Migration tool does all?

I am currently getting some Error messages in the process of trying to install the Migration tool but my hosting is looking into that. After that is resolved and I’m ready to use the tool, is it just a matter of typing the command into SSH (Putty) and waiting for the process to complete? How long are we talking? Obviously, that would depend on the size of the database but what is the average for a small store? Also, will there be other bits and pieces I would still need to do manually afterwards?