Refactoring Angular components from many inputs/outputs to a single config object

My components often start out by having multiple @Input and @Output properties. As I add properties, it seems cleaner to switch to a single config object as input.

For example, here's a component with multiple inputs and outputs:

export class UsingEventEmitter implements OnInit {
    @Input() prop1: number;
    @Output() prop1Change = new EventEmitter<number>();
    @Input() prop2: number;
    @Output() prop2Change = new EventEmitter<number>();

    ngOnInit() {
        // Simulate something that changes prop1
        setTimeout(() => this.prop1Change.emit(this.prop1 + 1));
    }
}

And its usage:

export class AppComponent {
    prop1 = 1;

    onProp1Changed = () => {
        // prop1 has already been reassigned by using the [(prop1)]='prop1' syntax
    }

    prop2 = 2;

    onProp2Changed = () => {
        // prop2 has already been reassigned by using the [(prop2)]='prop2' syntax
    }
}

Template:

<using-event-emitter 
    [(prop1)]='prop1'
    (prop1Change)='onProp1Changed()'
    [(prop2)]='prop2'
    (prop2Change)='onProp2Changed()'>
</using-event-emitter>

---

As the number of properties grows, it seems that switching to a single configuration object might be cleaner. For example, here's a component that takes a single config object:

export class UsingConfig implements OnInit {
    @Input() config;

    ngOnInit() {
        // Simulate something that changes prop1
        setTimeout(() => this.config.onProp1Changed(this.config.prop1 + 1));
    }
}

And its usage:

export class AppComponent {
    config = {
        prop1: 1,

        onProp1Changed(val: number) {
            this.prop1 = val;
        },

        prop2: 2,

        onProp2Changed(val: number) {
            this.prop2 = val;
        }
    };
}

Template:

<using-config [config]='config'></using-config>

---

Now I can just pass the config object reference through multiple layers of nested components. The component using the config would invoke callbacks like config.onProp1Changed(...), which causes the config object to do the reassignment of the new value. So it seems we still have one-way data flow. Plus adding and removing properties doesn't require changes in intermediate layers.

Are there any downsides to having a single config object as an input to a component, instead of having multiple input and outputs? Will avoiding @Output and EventEmitter like this cause any issues that might catch up to me later?

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