When comparing ed vs UltraEdit, the Slant community recommends UltraEdit for most people. In the question“What are the best programming text editors?” UltraEdit is ranked 33rd while ed is ranked 55th. The most important reason people chose UltraEdit is:
UltraEdit has small memory usage and allows for fast parsing/searching when handling large files.
Specs
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Pros
Pro Tight control over what's displayed, within terminal window
Pro ed is the standard text editor
As the standard text editor, ed
is available on multiple systems.
Pro Consistent UI
ed
has a consistent user interface and error reportage.

Pro Handles large files (>1GB) extremely well
UltraEdit has small memory usage and allows for fast parsing/searching when handling large files.
Pro Works perfectly with remote files
Supports several protocols for accessing remote files and working on them with the same ease as local files. Files can be integrated in the projects as normal files.
Pro Probably the most versatile general editor in existence.
If you need a general editor, UltraEdit is the way to go. If you were writing C/C++ all day, then this would be your editor. If you need to slog through large files then this is your go to editor. If you need to go through XML files, then this is your editor. If you need to sort data, then this your my editor.
Pro Fast, stable, easy to use
It loads with a short delay, but once loaded it's snappy and rock-solid. Anyone accustomed to using Windows text editors will feel at home in its interface, and those that prefer alternate keybindings can easily change them.
Pro Search and replace capabilities
From Ultraedit to Perl to Unix regex engines, the search and replace can accomplish just about anything.
Pro Responsive company
Whether for feature requests, technical support or license questions, IDM is always quick to respond.
Pro Nice hex display & edit
There's a handful of other features like this that make UltraEdit indispensable.
Pro Extremely customizable GUI editor
UltraEdit offer the best of both worlds. it has a full on GUI along with all the shortcut commands you need. There's no need for the user to suffer 80 char limitations of a terminal editor.
Pro Highly flexible
UltraEdit allows you to handle groups of files as a project.
Cons
Con Obsolete
There's absolutely no need for ed when you have sed and ex.
Con Not a lot of features
While extremely fast and simple, Ed is simply not for programming for a long time because it lacks a lot of important features. It should be used instead for quick edits.
Con Not a persistent UI
You can only view portions of a file through search or regular expression commands. You cannot scan or scroll through a file using the available screen real-estate.
It's not too dissimilar in use to command-line tools (such as grep and sed) for editing a file. In fact, both grep and sed are based on how interaction is performed with Ed.
Con Proprietary
It's not free and a license costs $79.99.
Con The themes introduced in version 20 regressed certain aspects of syntax coloring
The themes simplified the syntax highlighting which lost the capacity to have as many colors as one wanted to define. Now it is limited to around 20 different colors. In general it's not a problem but in certain cases it broke coloring.
For some reason, the classic theme is the only one that is totally pleasant for readability well with syntax highlighting.
