I have been using itunes/music to do that and it honestly works just fine. I have hundreds of playlists from over 10 years ago that still works. Finding specific playlist or music to play is pretty easy, especially with Alfred.
The longevity is the biggest concern to me when considering the third party apps. If it stops being maintained in the future I would be stuck and need to do the chore of moving them properly to another application. With the native app I am sure it will work for the next 20 years.