AFAIK out of "Record, Edit, and Color", Blender mostly excels at the editing part of video editing. There is no recording at all, and coloring you'd do via the "Post Processing" which can be via nodes or "standard". Coloring is alright, although far cry from Resolve.

If you're already used to the Blender shortcuts though, editing video is a breeze and everything just works as expected, which is really nice. But I wouldn't pick up Blender and its shortcuts just to edit video, then I'd probably go with something more fully meant for video editing.