Some of physics explanations I am unsatisfied with, among them; the law of conservation of energy in certain situations. Let's say an S magnet of mass m is travelling at velocity v towards another S magnet. The velocity of the moving magnet decreases, and hence, so does it's kinetic energy. This loss of kinetic energy we say is converted into 'magnetic potential energy'. Same thing applies to a ball being thrown in the air, loss of kinetic energy=gain in GPE. Now these concepts of 'potential energy' seem quite abstract and ad-hoc in that it's as if they were 'created' in order to satisfy the law of conservation of energy. Therefore it seems that this law is too trivial and not something that actually is of any significane when it comes to predictions and observations. Example: the concept of GPE does not have to be used to work out how long a ball will stay in the air, newton's laws work just fine. In fact, the formula for GPE can be derived from a simple analysis of this situation in terms of newton's laws as well as the definition of work hence it's not a fundamental concept as simple newton's laws are more fundamental and satisfactorily account for the phenomena. So why bother with energy at all?
Now, 400 years of physics can't be flawed like this, hence I am convinced that I missed something and I'm hoping that someone here can fill in this gap in my understanding.