similar to @Katja_Keesom I see that you too are a fan of the draft node. that's awesome!
Apart from the usage, in your case particularly, what I'd like understand more are the following:
1. what is the lifespan of a typical draft (Approved with Draft) in your usage?
2. how frequently would you create drafts out of your approved assets?
I am sure there are more topics to be discussed than these questions. Please let me know if I can set up some time on your calendar for us to catch up.
Remove it. The new UI makes it clear when a draft exists and the right click options give you all the choices you need. It really annoys me that you can do the exact same thing in multiple places - it makes it hard to train new staff who get overwhelmed with the UI.