Migrating from 12 to 14. do my preferences get migrated over ? (Mac)

I just updated my cubase 12 to cubase 14 (elements).
I don’t know if all my preferences (especially the flag ratings on the patches) have been migrated automatically.
The MediaBay file is found in a different location in Version 14 as well.
Should i copy the mediaBay file from the cubase 12 location to the Version 14 location ? if i look at the file in Cubase 14 ('steinberg media bay serve’r folder). the date doesn’t match the cubase 12 file.

ps.
i just noticed I have a CUBASE 11 folder. I don’t use it anymore. can i just delete that folder ? or are there some shareable stuff which shouldn’t be touched ?
my guess is that any shared files between different versions are stored in a common folder. (obviously the mediabay folder is not in the same place.