The clip editor has helped save some time, mostly with formatting, but I feel that it lacks some crucial factors. like some, I add custom graphics to the clips, one being a animated pop up of my channel name that I had created in after effects, its simple and that's all I add, with the occasional subtitle.

currently as it stands, the formatting and instant upload to YouTube are the pros, but not being able to go further is what is currently holding this feature back from being even more useful