Linked clone parent snapshots & performance

Hey everyone, so is there any concern with having multiple snapshots off of a parent VM as you modify the original image multiple times? Is there a point where it could become a performance issue? Would it be a recommended process to remove previous snapshots after you have no linked clone pools using them?

Also, just to be clear since this is my first time doing it, the process to update and push out a modified parent VM would be as follows:

1. Power on Parent VM
2. Make desired changes
3. Power off
4. Take snapshot
5. Apply snapshot to linked clone pool
6. Recompose on desired schedule

Is this correct?