Is it ok to pass a Flow from one composable to another?

I have a view model which exposes a flow of events. I have that viewModel injected in a top level composable but I want to send the events to another composable (inside the top level composable). Something like this:

@Composable
fun MainScreen(viewModel: MyViewModel) {
    SomeComponent(viewModel.events) 
    // Other Stuff   
}

@Composable
fun SomeComponent(events: Flow<MyEvent>) { // MyEvent is a sealed class
    LaunchedEffect(Unit) {
        events.collect {
            // Process the events
        }
    }
    // Other stuff
}

The reason I am collecting the flow in SomeComponent and not MainScreen is because I need access to some internal state of SomeComponent (it's a ScaffoldState actually) for processing the events.

I wrote this code in my app and everything seems to be working but I am not sure if this is a good thing to do.
My question is:
Are there any drawbacks in this approach that I missed? What can possibly go wrong here?