I guess you found out yourself but anyway....., for that kind of work: open text files with your lyrics or whatever, create title track and few or few dozens of clips (just like in Live) then copy paste your lyrics to those, then you can easily align them with the visuals to you liking, Main advantage of Vegas is that you can see/play everything immediately, adjust , put FX etc, etc. Better than Live, it works on both track and clip level. Another huge time saver- auto fades, in Premiere and other apps you have to drag the FX/"transition" every time, also adjusting those is way more intuitive. So when you get to cutting and adjusting "tracks" they will look fine by default. This way, with some practice, you could do something like your clip in half an hour. Of course to make it perfect- FX, transitions, details, you can spend a week as well.
For that kind of thing Vegas is perfect, for proper (and fancy) titles there is nothing like After Effects, that is what most people use, main reason why I used to use AF/Premiere (but exporting to Vegas later).
Thanks for the info you've been really helpful with this
Regarding Youtube you should check out the options, I regularly get mails from them about 3rd party material used, mostly it concerns my distributor taking care of dealing with Google/Youtube (which is to much time consuming so I rather give a cut), even if few times I used someone else audio, Google just informs- never took anything off. All that they are interested is money/monetizing/adds. If you used 3rd party material, the original owner will get the money, not you, which is fair. You can share, promote your skills, the authors get they share and if you make Youtube hit, someone can harvest some good money. Once you reach 250 000 hits , you should go for 100% your own content, if you want profits.
I know people who live, and live very well just from producing, putting few stupid (mainly aimed at teenagers) clips per week.
With the last video YouTube was giving me problems because its owned by Coachella I had to claim that what I uploaded is a parody of the lyrics and performance in order to have the link be view able. Right now my claim hasn't been reviewed and I suspect that once it is the video will be pulled, which is fine since I only made it to test Sony Vegas.
If the video's do get enough views I do plan on transitioning the channel to 100 percent original content. I plan on getting a Cannon t3i soon to make halfway decent video's for a thing I have been working on in my spare time. If the video's dont get enough view's I plan on making a new channel for the project... I may make a completely new channel I don't know, I'm not there yet. Right now I'm still just messing around with video and trying to learn the software part.
Btw, I didnt know Indian house music existed until checking your links