Photos creates hard links to the files in the iPhoto library, not symbolic links - and a hard link is very different from an alias or a symbolic link. If you create a hard link to a file, you can delete the original file without actually erasing the shared data. The hard linked file will continue to work; as long as there is a hard link, the data will not be erased. Deletion of the blocks on the disk is based on reference counting for the hard links.
So you can either delete the original iPhoto Library or the migrated Photos library, and the shared image files will work in the remaining library. Hard links are actual entries in the file table and not symbolic links to the name of another file.
The hard links between the images in the library are the same that Time Machine uses to avoid duplicate files on your backup drive.
Based on past experience you are right about being suspicious of linked files but the hard links are no problem.
iPhoto used symbolic links and not hard links, when you imported photos or videos without copying them to the iPhoto Library. For these photos with symbolic links it is essential to protect the reference files and not to delete them.
You can tell the difference between hard links and symbolic links or aliases in the Finder. A symbolic link or alias will show with an arrow on the icon, the hard linked files in the Masters folder look like any other file, without any arrow badge.
Have a look at this document: It explains more about the hard links used: Six Colors: The (hard) link between Photos and iPhoto
But it is not necessary to delete the original iPhoto library, because the two libraries only take up the space of one library together. And you should keep the iPhoto library, until you are very sure that all photos migrated correctly and you have tested the new library and the Photos.app thoroughly. If you should discover missing photos or encounter an unexpected bug in Photos it will be very difficult to revert to iPhoto and to migrate the library again other wise.