No the edit events is built into the mb64e software itself, if you have the 16x2 lcd screen and you cycle through the built in menu system then you will see the edit event part and then you select that then press or move a controller, you can endit the cc# or what ever without connecting to a computer editor.
The lcd shows that and what is assigned to it, you then edit it using the other buttons and then save it, to name the button you would need a bankstick attached.
Also the mb64e allows both potentiometers, faders and encoders and buttons, and in my opinion gives you much more flexibility than the mb64, go for the mb64e you will not be disappointed.
The editor from serge is great when you have meta events and such that you need to assign to buttons.
I have used a mb64e and gm5 combined in my last two projects as they do everything i need them to do perfectly, the only thing i have not used in a project yet is assigning leds to douts per button, this is something im currently doing on my new project.
The mb64e is is a great starting point yes you will need to do some code editing at some point and then recompiling but its easy (requires some reading and dont worry about asking questions!!) the tool links are available from the wiki pages.
I was daunted by the whole thing when i first started, however as the whole thing is modular in nature and you remember that it makes everything seem much clearer.
So you take a core and a dinx4, a 5 way ribbon cable with a molex header on the end and clip into one board and the other, there is your first core to din connection, then take an encoder and connect to pins 0/1 and vs and theres your first encoder, making sure that the code has an encoder set to those pins and not a button. If it needs changing then we change the code, this is something that I can go through with you when the time comes should you need it. The only thing i cannot do is build it for you im afraid!!!
But thats the best thing about this place, lots of help if you put the effort in yourself, so, get a core kit from smashy’s site, a couple of dinx4 and some ainx4 and a dout, encoders, potentiometers and faders can be bought cheaply here in the uk and i have links for those.
I hope that helps a bit more.