IMHO Trying to emulate office work procedures with video conferences isn't helpful.
A move to out-of-office work should go hand in hand with a move to more async leadership and (technical) communication.
> what we gain in work-life balance
Might be nothing or even massive negative depending on the combination of your (home) environment and personality.
Remote work has the uncanny side effect to make it harder for people which have certain kind of problems, like abusive parterns or a otherwise "broken" home, addiction, depression or some other mental problems.
Sure at the same time it can enable some people with mental problems to work, through often under the condition that their problems are already handled well.