There is no timeline provided when trying to do fine edits to clips. It would make it easier for tracking purposes.

I don't understand what you mean.

Are you aware of the timeline view?  (You have only a few posts here, and might be a new user.  Studio defaults to "storyboard view" but there is a timeline view also.)

If you zoom way in on the timeline view, you can cut and/or drag clip edges with single-frame precision.

Please provide additional information on what you're looking for, and how you would use it.  Thanks.