It says it works fine, but the new project has most of the SDK in the Assets/VRCSDK folder, which causes conflicts with the SDK that's now installed in the Packages folder. This makes the project unusable.
As a test I migrated another copy of the same project using VCC in Windows and that worked just fine.
No idea if this will format right, but here's what I've got after migration:
$ find . -type f -name VRC.Dynamics.dll
./Assets/VRCSDK/Plugins/VRC.Dynamics.dll
./Packages/com.vrchat.base/Runtime/VRCSDK/Plugins/VRC.Dynamics.dll
Yes I'm using version 0.1.12.