First it seems you are saying you can edit the Bass Real Track (which is what I'd like to do) even going so far as to say it's similar to editing a midi track (which I'm quite familiar with).
But then in the very next paragraph you seem to counter what you
just said! You say with Midi, then YES.
It sounds like you are saying with midi Yes, Real Track/audio No.
Could you please clarify what you were trying to say?
The concept is a bit confusing, rather than Bruce's mention of it.
RealTracks are pre-recordings of a musician playing and are pitch/speed shifted to match your song.
MIDI is a stream of commands to drive whatever sound-engine you are using.
Playable RealTracks are a kind of hybrid.
When you make a section of a RealTrack into 'Playable', it changes the track's behaviour from "pre-recorded, shifted" to pure MIDI, and then uses sforzando to get samples from the RealTrack file to use as its MIDI sound samples. The result is that BIAB plays the RealTrack until it reaches the 'playable' bit, switches essentially seamlessly to the sforzando synth engine to generate the 'playable' bit, then switches back, again essentially seamlessly, to the RealTrack. Because the samples used all came from the RealTrack, tone, timbre, etc. all match nicely with the RealTrack.
It loses a little of the more natural sound of the pure RealTrack, but used in moderation that hardly notices.