Power Automate Flows are background/asynchronous processes, but they can have similar properties to real-time workflows (without the real-time part). For example, if you do your process in a changeset scope, it is an atomic transaction that all succeeds or fails).
Also, power automate flows can do many things that workflow cannot--such as updating multiple/related records, joining to unrelated records, and using over 325 different connections.
But the good news is that real-time workflow is still alive and well and has a bright future. You don't have to dump your real time workflows if they are working.
You should consider the scope of the job, and there are likely some things that you have a s plugins that could be moved to power automate flows.
I wrote this blog that might be helpful https://global.hitachi-solutions.com/blog/power-automate
@BrennanPhoenix if this answers your question, please mark it as a solution so other people can find it.
BTW there is no "power flow." Microsoft Flow is now called Power Automate.