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The answers are generally provided from the SAP MDG on SAP S/4HANA perspective. With the SAP S/4HANA 2023 release, the cloud-ready mode in MDG was implemented.
Best practice current SAP MDG implementations replicated MDG-F master data objects to S/4 HANA. data replication using Web Services, data migration using LSMW (Legacy System Migration Workbench replaced by LTMC
Best practice current SAP MDG implementations replicated MDG-F master data objects to S/4 HANA, data integration to SAP FI-CO RTR Global Ledger migration using LSMW