That is one approach. I used to utilize it for _FILENAMEs [within one and the same folder], until it became hard to read when I had files like Song Title ', Song Title ''... Song Title '''''''. So then I changed to something like Song Title '1, Song Title '2, Song Title '3 etc.; but after a while my naming system evolved into a more complicated one, which in turn almost completely removed such repetitions
But the problem came back for the ALBUM tag field when I started to work on it [unifying the nomenclature in it] . When I have different versions of the same album I simply [without going into details] describe them additionally as e.g. 2000 Remastered Edition, Vinyl, Sony Music Classic Edition. On top of that I have albums IDs kept in a separate tag field. And in a perfect world I could have the ID's added to the ALBUM tag field, but that would require from me to have such ID for every single file
And maybe these two topis will give you a broader view before you start revamping your files