Yes this great idea. Don't think it's currently possible in flow. You'd have to use SharePoint Designer Workflow for this with an if condition where Status equals Approved, and an action to copy the item to the target list and then another action to delete the item from the source list afterwards.
Hopefully same can be implemented in Flow.
Are you referring to a "true" SharePoint list item meaning the items are not documents?
If they are documents, I could share a custom approval flow that I created that automatically copies a document from one location to another when the document is approved.
Yes yes yes please! I'm currently trying to do this by getting the item and creating it in a new list with better locked down security, then deleting the original items. Surely this should be a one (maybe 2) step pre prepared item.
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