Creating a new Column for my list Versus adding it from existing site columns, when to use each approach

I have created a new issue tracking list inside SharePoint 2013 team site. And it comes with predefined columns, some of them are useful while the other are not . Can anyone help me in figuring out the following:-
The list come with a field named “Assigned To”, while in my case I want a column named “Approver”. So what is preferred , to re-name the “Assumed to ”column to “Approver”, or create new field name “Approver”.?.
If I rename an existing column, could this be overridden in any future updates for my SharePoint server?
Now we want to add a column named “Office location”.so I need to create a new field for this. But seems there are two ways to do so either to add a new Site Column at the site level and then assign it to the list as follow :- 
, or to directly adding a column to the list, even if it is not available in the site columns , as follow:-
So what are the differences between the two approaches ? .if I am not wrong defining a site column will allow me to re-use it in another list , but defining the column at the list level, will allow me to add a column even if it is already defined as site
column.
So can anyone advice on my three questions please? Thanks

1) 'Assigned to' has a different meaning then 'Approver' , it will be better if you create a new field for 'Approver'. Assigned to is a Site Column which has managed property for search, so it will be confusing type of data it will return from search in
future. 
2) Any rename of fields should not / and will not get modified in SharePoint updates. So, you can rename is without any issue since the internal name will remain the same. But its always better to create your own custom column for business use.
3) Creating a site column or not depends upon your need, If you create a Site Column - in whole site collection you will be able to add this field in any list - It will be crawled, SharePoint will automatically provide managed property for site column and
you will be able to get this value via search. These things will not be present in list column, you will need to do specific settings in case its required.
If these things are needed then you can go for Site Column, usually its good to create a Site Column and use it.
For Site Columns you can check following links 
Introduction to Columns
From site column to managed property - What's up with that?
Create a site column
get2pallav
Please click "Propose As Answer" if this post solves your problem or "Vote As Helpful" if this post has been useful to you.
thanks a lot for your reply it is really helpful. so as i understand that using site columns will be better in most cases, and there is not any specific reason for not using it? is this right ?
Second question, do u mean that if i have a list column named "Serial number", then this column will not be searched ? For example if i have serial number such as "12345" and i try searching this text "12345" i will not get
the item in my search ?
Thanks

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