WPBeginner held a poll for their readers asking what feature they would choose to remove from WordPress. They were surprised that no one mentioned Links, and started a discussion around it on their blog. Personally, I’m a fan of the custom post type route, maybe using a plugin.
I checked out the conversation on this topic. I’m fully in favor of keeping links in WordPress and also improving them. For example, they do not appear in the custom menu editor but categories and tags do. Maybe you want to include a link or entire link category in a menu? this would be a rather elegant way to publish your social links… facebook, twitter, and etc.