Hi Marcia,
Here's what I normally do for editing music videos. I organize mostly on the timeline, not in bins -- but that's just what works for small-mid size videos for me. YMMV...
Sync all of the performance tracks to the studio audio track. Doesn't matter how many tracks I have -- it's not a multicam edit.
I watch each of the takes of the song and cull the obviously unusable footage. My timeline looks like this:
http://twitpic.com/2jr4g
I watch each take again and start selecting clips that look exceptional, and drag these to a newer track above the other footage. Timeline starts to look like this:
http://twitpic.com/2wgqv
Edit story. If there are certain sections that I know are going to be taken up by narrative, lock that in.
Go watch through the performance tracks again and cull more unusable footage, and find any great shots that might've been missed on the last pass.
Now start assembling the performance sections. You'll now have at least some framework of story to edit around and some killer shots you know you want to use. Focus on the feel of the music, which musicians you want to highlight when, etc.
Hope that helps!
