That's fine for flat videos, but 360 videos usually need processing before they're usable. I'm unsure if there are other software options that handle Insta360 360 videos well.

When 360 videos first started to become viable, all we had were looking at the flattened image. It took a bit to get used to. Eventually, the filters caught up so you could slide the rotation around to keep action centered which made things simple in comparison.