If you are editing in high definition, you should be using a RAID. Frankly, for SD, I’ve always used a RAID array for media up until switching to Adobe Premiere.
I’ve edited using Final Cut Pro, Avid DS and Avid Media Composer. All three systems used arrays as a matter of course because it was assumed that one could not play back uncompressed NTSC (or PAL) without one. The Avid systems all used 10k or 15k RPM drives in a SCSI RAID array (or a server).
There are lots of people here in this group that are assuming that a single drive (and in many cases their boot drive) that runs at 7,200 RPM is just fine for video editing. While video compression has vastly improved since the early 1990s (when you edited on an early Avid at such low resolution that you could not tell whether or not your focus was properly pulled), a single, unstriped drive just barely keeps up with the demand of multiple streams of video.
With today’s compression standards and modern hard drives with large caches, you can get away with a lot. But dropped frames on playback become a larger and larger risk as you tax the ability of a single hard drive to keep up with a complex sequence.
What if there were no hypothetical questions?