Based on my experiences, I would disagree. The "core" becomes a mess of versions and dependencies - you still need ALL the other repos to be able to change the code/data there to check all dependencies.

Just split with folders within the repo.

Anyways this is my opinion, and I know many wise people that disagree with me. And I've seen companies work well with both multiple and single repo.

I.e. your mileage may vary.