Brings back memories from high school...
Back in 94, I was a member of my school's Canada FIRST Robotics Competition team, on the video crew. We shot on S-VHS, and edited with an early version of Adobe Premiere on a 486, probably running Windows NT. Similar to this system, there was a video capture card, I think made by Truevision, with its own SCSI controller.
One of the other guys on the crew had a Pentium at home, so he did all our 3D rendering in 3D Studio for DOS, but the rendered footage was too big for floppies, and neither he nor the school had a Zip drive. He did have a video card with an S-Video out and an S-VHS VCR, though, so once again, he output everything to S-VHS, then re-digitized it at school.