The static and energy-dependent nucleus-nucleus potentials are simultaneously used along with the Wong formula for exploration of fusion dynamics of 16 8 O+ 112,116,120 50 Sn reactions. The role of internal structure degrees of freedom of colliding pairs, such as inelastic surface vibrations, are examined within the context of coupled channel calculations performed using the code CCFULL. Theoretical calculations based on the static Woods-Saxon potential along with the one-dimensional Wong formula fail to address the fusion data of 16 8 O+ 112,116,120 50 Sn reactions. Such discrepancies can be removed if one uses couplings to internal structure degrees of freedom of colliding nuclei. However, the energy-dependent Woods-Saxon potential model (EDWSP model) accurately describes the sub-barrier fusion enhancement of 16 8 O+ 112,116,120 50 Sn reactions. Therefore, in sub-barrier fusion dynamics, energy dependence in the nucleus-nucleus potential governs barrier modification effects in a closely similar way to that of the coupled channel approach.