What I'm calling "features" are shapes such as points, lines, and polygons which, in ArcMap, are shown as being on a particular layer, and when I right-click the layer in the table of contents and bring up the properties, an example source property would be "C:\Users\card9\OneDrive\Documents\ArcGIS\Packages\Belgo783April2013B_2929292D-08C7-4AA1-AA20-79CCC6030D2B\commondata\shapefiles\DeedMonument.shp" The relevant shape files are spread among three different Windows directories. All the layers are in the Vermont 1983 state plane coordinate system, and the numerical parameters defining the projection are all identical, but the name given to the projection isn't always exactly the same.
Is reorganizing the data really as simple as moving the .dbf, .prj, .sbn, .sbx, .shp, .shp.xml, and .shx files from one directory to another, or is there more to it than that. Would the "create layer package" feature be a more efficient way to move layers around?