This solution above reminds me of one of the main "delights" in Lightworks (for me).
I.e., the ability to quickly create an infinite number of edits.
Besides extracting a portion, and putting that portion in a new edit.
You can also use a new edit to make different scene versions.
Just the other day, i was working on a scene (one edit which contained one scene).
I showed someone the scene.
They then asked me "can't you change this slightly".
Because I put so much effort into version 1, i didn't want to lose those changes.
But i also wanted to see how the person's suggestion might pan out.
So I then quickly made a copy of the edit (whick took one mouse click

.
I added the extra cuts that the person suggested to the copied edit.
So i had a version 1 and a version 2 of this particular scene.
We could then look at both versions, compare them, and decide which one worked better.
This process took mere minutes.