Word isn't well suited for the task because Word doesn't do a good job of handling styles.
A couple of years ago, an author hired me to format a manuscript. They didn't know about styles, so I created a template and reformatted the manuscript with proper character and paragraph styles.
The author sent my file to the publisher, who converted it to plain text and inputted it into an application the pros use to design books. They redid all of the formatting. Everything!
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