The topic you are exploring is actually a bit larger than what a few forum posts are going to do for you.

Answer these questions for us first please
1) Are you using one camera with multiple takes or more than one camera shooting concurrently?
2) What are the camera(s)? What are original source codecs? Do they contain runtime from the camera in the originals? Not necessary to be true timecode - we are asking for runtime
3) How are you capturing the audio master track?
4) Are you familiar with VegasPro in multi-camera mode?
5) Are you concerned with takes or camera matching? Do you care?

If I understand what you are asking,

you can put video on multiple video tracks - stacking them one above the other.

Only the top most video track will show in the preview window. The tracks below it will only show if you either cutout the video on the tracks above, or reduce the opacity of the tracks above.

You can sync everything to the one sound track and then cut between the video tracks above

Is this what you are asking about?

Rereading the OP post - makes me think that xberk is onto something. If we assume that the OP has absolutely no knowledge that VegasPro is both an NLE and a compositor. Few people realize the importance of this.

However, it still begs the question of how difficult an exercise the OP wishes to make of his workflow and what he expects to be a finished product - so go back to my initial post and review the questions I pose.

This is a clear case for MultiCamera editing.

Each performer's footage should be on its own track, and once you have put them all in sync, hold Ctrl and highlight the Track header of each Video track, then click Tools/Multicamera/Create Multicamera Track.

The various video tracks are now merged onto a single track as Takes, and Ctrl/Shift D allows you to toggle between seeing all shots simultaneously, and seeing the single currently selected shot.

To cut from one performer to another, you can click on that shot on the Preview screen, or used the number pad. You can change your mind any time. Try it you'll like it.

Hi - Allen the OP here . Thanks for all your comments questions and suggestions.
As requested, here is a bit more background info

1. This is a single Camera Shoot - where I filmed Multiple takes

2.I don't have runtime from the Camera

Because of these 2 facts - I thought I could NOT use Multicamera Editing - from what I read I thought it was for multiple camera of the same shoot and in timecode sync

3. The master audio is an mp3 of the complete song (almost all of the takes were with the playback of this (even if not mixed) so that is how I expect to be able to line up pretty exactly

I have done this in the past using brute force - of just either cutting and putting the parts I like one track - or just making the tracks I don't want for a certain section transparent until the cut I want.

I think I do understand that it is an NLE and Compositor (although needed to look up the definition of compositor to be sure)

So am I correct in saying the I CAN use Multicamera editing once I get all the tracks lined up correctly. - and in Multicamera Editing I can "say" (obviously I will look up how) -
NOW take footage from take 6 / Now from 4 /Now transition from 4 to 3 etc?

Thanks
Allen

Found this video that explains it really well (even if made for an old version)


Again they still talk about it being from the same actual event - but it is easy to see how
once I get them in sync based on the audio - I can do the multi-camera editing -

Thanks
Guys