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You can do this in Adobe Audition, if that helps.
Kevin's got a point. The way the link between PrPro & Audition works is getting closer to the old "Direct LInk" from PrPro to SpeedGrade was than the "Dynamic Link" to AfterEffects. Which is a good thing, to me.
You can go to Audition for your audio editing, and not only have a preview screen of the video but have all your tracks laid out, and color-code to your heart's content. It's very common in sound work, of course. Why it's not in video ... ? ... at least PrPro ... no clue.
And after you've done your audio work, come back to PrPro, now when you go back to Audition for additional work, your project opens in Audition as it was when you left Audition, and you can reset, re-adjust, or whatever any control you worked the last time.
Thanks a lot ... I will try it out