Yes. Be brutal with the cutting. For me for example, WCA’s video is still too long and has loads of “dead time” and shots that are too long. His car doesn’t seem very fast when it obviously is. But for a car enthusiast on youtube it may be what they are after.
Good sound is important and the rythym and pace is not always about a backing track.
Tell a story. Make a joke. Never show anyone unedited footage. they will die.
I think premier, final cut, avid and sony stuff is where the ease of use and ability to color correct and manipulate or crop begins. Not to say others can’t but you want to it to be quick and easy.
edit uncompressed for speed and then you can compress for your delivery method when done. A decent modern machine can edit compressed but will be faster again if you make its life easier.