I had thrown out "don't spend 4 hours editing what you can retrack in 10 minutes" a long time ago. One of those lessons learned (and downsides) of a DAW.
For the OP, in addition to existing track templates (you can right click in the left pane of the track view) and "Insert Track from Template->" there are also project templates included (listed in "File->New..." and you can reassign the default one in that popup). There are quite a few of them, and a CW blog post that had more (I am not sure if these came with Platinum or not).
As you get things set to your liking, you can also save track/project templates as well.