Hello Jjrlewis
Hi, I'm Karl and will be happy to help you today.
First, just to clarify. the "new Outlook" is the intended replacement of the Windows 10 / 11 Mail, People, Calendar apps. It is essentially "Outlook in the web" wrapped in an app framework with the added functionality of being able to add external IMAP accounts. It is completely separate and distinct from the classic Outlook program (part of Office)
As long as the account is configured as either an IMAP ro Exchange account in both "new Outlook" and classic Outlook, both will see the same data.
If you have any questions, don't hesitate to ask, we're here to help you further if needed.