Need your advice for a photo library products

I upgraded to Essential to benefit from the "option" menu but I am not sure how to set up the following flow for our photo library.

Our company is selling photo products like posters, postcards, puzzles....

I was considering creating 1 category called "photos library" and have each individual photos as a "product".
Under "options" would be puzzles, posters.... and under "variants" would be the different sizes and prices.

Is this the right way to do it? Or

The other solution would be to have "Photo library" as category and have puzzles, posters as products. This would require to add the same photo to all the products.

I would appreciate your help to maximize your software

Thank you,

Jean-Michel