How to do UE4 to UE5 Geometry import

Ok, it works now. Much easier than I thought.
The solution is just store everything in a folder and send the folder. Then just copy the whole thing to somewhere under Content by explorer.
UE seems to recognize the mesh.uasset and the material. No migration necessary at all.

Pretty much your solution. Not tested with whole levels though. But Meshes+Materials work!