Ranked in these QuestionsQuestion Ranking
Pro Can share projects between devices via AirDrop
You can AirDrop projects between iOS and OSX devices.
Pro Functionality comparable to that of the desktop counterpart
Except for advanced tools, like color correction and chroma keying, the iOS version is comparable in capabilities to the Mac version.
Pro 4K support
Con Can't select or trim sections of video precisely
How it works is you drag handles for the ends of the clip to trim, I did this on a 15 minute video and found it too inaccurate could not get it to scrub to the right frame, much less the correct moment.