Using a Text Editor in combination with GUTS is a good practice. Using plain old Notepad is not the best option. You're better off choosing a more powerful editor, which can search and replace text across multiple files, has syntax highlighting and other useful features.
In this post I'll make a list of suggested text editors to use. I'll write up a short description for each later. Please post links to other good editors you know.
Editor list:Notepad ++Sublime TextGeanyVim
A good text replacement tool is
Rename Master.
Has a nifty UI for selecting files, groups of files and various actions to perform on them (remove, replace, etc.)
Look how old this thread is!!!

Recently I've started messing with Microsoft Visual Studio Code editor (VS Code).
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VS Code works on the different platforms. I think it has some potential. I like the "side by side" window view when comparing files. I wish it had a tab view, but I'm hoping that will be implemented soon.
I decided it needed an Ogre3d syntax highlighter. Fortunately, VS Code uses the same tmLanguage definitions as sublime. After poking around a bit I got the highlighting working for the material files.
If anyone else wants to try it out, I've attached a zip of the Ogre 3d extension I put together.
I got the tmLanguage definition from here:
https://github.com/TheSHEEEP/ST-OgreScriptsI was thinking I could make a syntax highlighting extension for the various torchlight ascii files if there is interest.
Whoah this is impressive Vkoslak! Thanks for this!
and Welcome Back!