iPhoto still works on HS so you can move the app onto the new OS and keep them in iPhoto if you want - probably good to keep a back up of the iPhoto library - once you open in Photos the database is upgraded and you will not be able to go back to iPhoto.
I have multiple libraries of iPhoto and also multiple Photos libraries - so it can get confusing and you have to be careful when launching them.
Also there are different versions of Photos (Photos 2 - Sierra / Photos 3 HS / Photos 4 Mojave )
hope that helps