Early Decision - does it give any advantage?

I see that there are a lot of posts out there re: ED, but most are several years old, and I didn't want to necro an ancient thread.

I've watched all of CAC's YouTube videos, one of which suggests that you apply to your "target" school last, after you've been through several rounds of auditions and have gotten comfortable with the process.

That makes a whole lot of sense, but what if the "target" school offers ED auditions *before* most other schools on your list offer regular auditions (or before Unifieds)?

Does auditioning ED (i.e., a strong firm commitment to the school very early in the audition season) really give any appreciable advantage in terms of admissions? Or are you better-served waiting until later to audition to your target school, after you've gone through several auditions and are "warmed up"?

In short, how much advantage does auditioning ED give you, if any at all?

I know that answer can vary based on the student, or a specific set of facts, but I am wondering what the general consensus is.

Thanks!