Hi Alex,
Yeah Library Overrides are the way to go these days as proxies have been sunsetted.
That sounds like the correct way to set it up.
Fast Method:
-Link in the collection (the master collection that has all the components you need)
-Then just hit F3 and type “Override” and it’s the first option on the list
(that’s the same as the menu but much faster)
The differences with proxies and overrides is the state is which the original rig file needs to be saved.
Rather than bore you with those technical details of the legacy way, here’s a link to a file that has that saved in a way that works in the new way.
https://cloud.moonstringanimation.com/index.php/s/S4PGeptGpXLEA7C
Download that file and save over the other file. It should then link in correctly.
This is just a band-aid solution until things get updated properly, but it should get you up and running again.