I mean the apps. They don't take up 'minimal storage', instead aperture and iphoto apps take up around 2.5gb of space. I have a large SSD, but I would still like this space back.
Make a bootable clone or another full backup of your SSD. You may not be able to ever reinstall iPhoto or Aperture otherwise, since they have been pulled from the App Store.
If you should discover later, that the migration of your libraries has been faulty and you need to repeat it after repairing your libraries, you will be out of luck.
Remember, it is is just one day after the first release of Photos as version 1.0. There are very likely some bugs and I would not burn all bridges before the library has been thoroughly tested and you are very confident, that this release is working well on your Mac.
My concern is that there is a shared library, and by deleting the two other apps, the ones the new one relies on, that the there might be some data loss. I wanted clarification. If an app is intended to replace two other apps, then why doesn't it replace it?
The links between the library are hard links. As long as one of the libraries is still referencing one of the linked image files, that file will not be deleted from the disk. Six Colors: The (hard) link between Photos and iPhoto