The following gif demonstrates folding:
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I have to agree with the positivism surrounding Kate. It has been the only one (together with KDevelop) out of the 5 text editors I've installed and tested since yesterday that actually did what I desired from it. Props to the devs! Let's see if it can dethrone Emacs 😜.
Emacs will always be abe to do things you can't do with other editors. It's a text based interface toolkit that happens to also have a good text editor and IDE capability. Buuut, you need to spend a lot of time to set things up. I use it since probably more than 20 years and I still often need to look up and learn stuff. If you want a tool and not a workshop, get a simpler editor.
I think you've done an excellent job at capturing my initial thoughts. It basically felt as if using Emacs was bound to be overkill as my (relatively simple) use case didn't seem to warrant its usage.
But, even if it is (possibly) overkill, I do prefer^[Granted, I haven't tried out Neovim for this yet.] how Emacs handles the folding. So, while there's the very real possibility that I'll not even utilize 1% of Emacs' potential, I feel most excited and (somehow) comfort while working with it 😅.
As for setting things up, I immediately started using Emacs through Spacemacs until the input lag became very noticeable on larger files. Then, I pivoted to Doom Emacs and I've been enjoying it so far. Perhaps I'll create my own config at some point in the future, But for now, Doom Emacs is all I need.