Take a star 5,000 lightyears away. We can observe its properties, determine if it is orbited by planets and what the physical properties of those planets are, and make other inferences about the surrounding Universe as well as the Universe at large. But that was so 5,000 years ago. Where is that star now? Do we attempt to calculate this? What about the earliest observed galaxy?
www.space.com
Do we think about how this system has evolved? Are we observing some of its constituent parts in other, newer galaxies? Could we create an Atlas of the Present Universe, wherein we describe exactly where every object in the observed Universe is now and what it is doing?
Furthermore, if we could accomplish said task, would it forever alter the way we see the universe?
The Universe is Infinite. Infinity is real, and it is definite. That means whether it makes your brain hurt or not, there are objects *infinitely* far away that impact us in ways we are failing to understand.
But if we insist on going by what we see, let's at least be logical about it.
If we intend on using extrapolation, why not try to understand what the Universe *is* and not just what it *was*?

Scientists think they've spotted the farthest galaxy in the universe
GN-z11 is truly a galaxy far, far away

Do we think about how this system has evolved? Are we observing some of its constituent parts in other, newer galaxies? Could we create an Atlas of the Present Universe, wherein we describe exactly where every object in the observed Universe is now and what it is doing?
Furthermore, if we could accomplish said task, would it forever alter the way we see the universe?
The Universe is Infinite. Infinity is real, and it is definite. That means whether it makes your brain hurt or not, there are objects *infinitely* far away that impact us in ways we are failing to understand.
But if we insist on going by what we see, let's at least be logical about it.
If we intend on using extrapolation, why not try to understand what the Universe *is* and not just what it *was*?