Yes, this is a great use of advanced flows and I have my whole system set up this way. In my opinion this is one of the best things about advanced flows because you get to keep all of the logic associated with a single device or set of devices together, making it a lot easier to both build and maintain.
One thing to note its that it won’t work if you have multiple triggers feeding into the same set of and / then cards. I.e. you can’t ‘reuse’ a set of logic for multiple triggers. Given that, it’s really handy that in advanced flows you can select any set of cards together and copy and paste them (along with all links amongst them) elsewhere in the same advanced flow.