Wooommerce change item price in cart conditionally

I want to sell plugins.

There will be yearly (regular) and lifetime licenses.

I have already created products with regular prices.

Now I don't want to duplicate all products just to create lifetime prices (which is different than regular price).

If I use this hook I can change the price in the cart:

add_action( 'woocommerce_before_calculate_totals', 'ap_woocommerce_before_calculate_totals', 20, 4 );
    function ap_woocommerce_before_calculate_totals( $cart ){

        if ( is_admin() && ! defined( 'DOING_AJAX' ) ) return;

        if ( did_action( 'woocommerce_before_calculate_totals' ) >= 2 ) return;


        // Loop through cart items
        foreach ( $cart->get_cart() as $cart_item ) {
            
            if ( isset( $cart_item['ap_lifetime_license'] ) ){

                 //here get new price
                    $new_price = ...
                
                 $cart_item['data']->set_price( $new_price );
            }
        }
    }

Is this code enough to cover all cases where products might be added and removed from cart, set different quantities etc.?