> Are there any advantages in creating separate plots in UIFigure and UIAxes, versus figure and axes?
My opinion: If your existing GUI/App already creates figures external to the GUI/App with the standard figure/axes, I see no reason to switch to uifigure/uiaxes. Depending on how your code is set up, you'd likely have to modify it if you want uifigure/uiaxes to look like the current versions of your figures. For example, since HandleVisibility of UIFigures is set to off by default, you'd either need to set that to on or you'd need to provide axis handles to all of the graphics objects (which is good practice, anyway). Some features are not supported with uiaxes such as ginput (current release: r2020b). Since there are limitations with uifigures/uiaxes and since the conversion would likely involve modifications to your existing plotting functions, the costs would likely outweigh the benefits.
If you're planning on embedding the plots within the app, in tabs for example, then you'd want to use uiaxes which are designed for smooth interaction with app designer apps in uifigures.