OK let's say I have it configured with the default. How do I then open a component from the components tree in my editor?

There's nothing on the right click menu:

If you hover over all the icons on the right side none of them are anything like "open in editor":

The eyeball is the obvious choice but it just goes to the Elements tab in Chrome.

How do I actually use "Open in Editor"? There's no documentation that I can find about it.