Who: Account Owner, Admins, Directors, and Editors
Plan: Pro and Riverside for Business
Device: Computer Browser
Yes, if you download the transcript or subtitle file from the Editor, it reflects the changes you made to the transcription text like corrections, removals, and rearrangements.
If you have already exported the recording, locate it under Edits, then click the ••• [the three dots] and choose Duplicate to re-open it in the Editor.