I've used ed(1) to do complex(ish) programmatic edits to files that I think would have been extremely painful otherwise. An interesting editor worth spending at least a small amount of brainpower on.
I don't think this is true. I've certainly been in a bunch of hairy situations over the years where I had nothing fancier than ed available to me because I was in some sort of recovery mode. The single user mode that FreeBSD comes with is lacking vi if, for example, you don't have / mounted yet. Thankfully ed is in the ramdisk.
V7/x86 [1] has both vi and ed, but ed is easier to get to.
"Of course, we are not absolutely compelled to use ed, since V7/x86 comes with the full-screen editor vi (as well as the related line editor ex), but getting access to vi in this context would involve mounting the /usr filesystem and changing various environment variables and settings to allow editing in full-screen mode. Some basic ed skills are particularly useful in the V7 world, and most of all when one is involved on system administration tasks." [2]