I use this option a lot to convert real bass into midi.
I've never had an issue with editing the results.
I always use a new midi track and not an instrument track. Not that it should matter.
I record my bass.
I have a track template that inserts a midi track and Dim Pro ( or SI bass) track.
I park this under the Bass track and drag the audio down to the midi track. Done. I always have to transpose up 12 to match correct pitch.
I delete the audio track.
There will always be some editing to clean things up. One trick I use is the drag the duration back just a hair as it always seems to overlap for some reasons.