Once you've a system on APFS, the Container would accept later macOS systems within separate partitions or sections. To sort their content may be wise to use tools suggested by dwb; and know how the system structure has now been built. Catalina is OK, if you're already prepared past transitional stage.
And limitations with newer format in how it uses capacities. The system controls more than previous; and as such is more safe and secure, once you understand the changes. Activity Monitor and other system utilities can help.
Since you've already been transitioning away from older 32-bit software and drivers, that's fine. If you've already invested in Catalina, and have only one Mac, that's kinda rough. I've had no need to go beyond Mojave, as that's where my older software can still work. Have five macs; three portables. A few considered functional antiques.
And content once in APFS, is handled differently; in fact could have from High Sierra on, its a different game.
But no reformat should be needed if you know what the content actually is; the EtreCheck utility is a good tool.
I'm guilty of assuming most users would already have that, part of their kit. Given value vs. cost 'omnisweeper'
is among the other known good useful management schemes and another keeper.
If you'd been using macOS since High Sierra, fair chance with SSD drives, its been automatically using APFS. Though you could choose between HFS+ journaled and APFS initially in High Sierra on rotational drives.
My MB/Pro (2012) hasn't seen much use with Mojave; though it could use 32-bit transitional software. And a Mac mini i7 server with older systems onboard. Plus a few working PPC G4 Macs with Tiger/Leopard; and early MacBook1.1 with Leopard. (TenFourFox browser works in early Intel-mac.)
I've not embraced latest, any more. Years ago, I had time and places to do more, and learned how to deal with tech. With other life chores and urban changes, more of that is offline. With exceptions; iPhone SE (iOS13.3.1) which continues to challenge conventional thinking and wastes time, those commodities I've no free amount to fritter. 'Touch-screen' doesn't really help.
Speaking of time, this lengthy 'reply' has taken a life-of-its-own!! Sorry about that.
Can't honestly say I'd edited it near enough. Down to 'just the facts'?!? Not! 🌻
