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Since we will be using your sharepoint package itself, thought it would be worthwhile to hear your views if anything like this is possible using that package
You can use the PnP module in PowerShell to do further processing once you get the list of libraries PnP PowerShell Overview | Microsoft Learn
This approach uses the SharePoint API calls in the background, so is quite powerful.
Performance using PowerShell within your network will be quite good if you ever have to scale the approach later.
Are you able to list the steps needed to accomplish this as not quite aware of sharepoint rest api you mentioned. Or if any working example you have, that would be great too.
We use the PnP module extensively to update SharePoint lists with robot exceptions. Cases which need to be handled by human case handlers. It has never failed us, although setting it up was not plug-and-play.
That is our preferred method for anything to do with SharePoint via Invoke PowerShell activity.