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With neovim 0.5, you can drop two dependencies,

Plug -> built-in vim packages CoC -> built-in LSP client

You could drop Plug even with the existing stable release. Native packages have been supported since Vim8 and NeoVim 0.2

Do you get semantic highlighting though? That was one of the big reasons just using an LSP client wasn't enough.

For that I just installed vim-polyglot. Its a big ole collection of syntax and indent rules

Oh checkout nvim treesitter