Author here. I think it depends what you're doing! OT is a true distributed systems algorithm and to my knowledge there are no projects that implement true, distributed OT with strong support for modern rich text editor SDKs like ProseMirror. ShareJS, for example, is abandoned, and predates most modern editors.
If you are using a centralized server and ProseMirror, there are several OT and pseudo-OT implementations. Most popularly, there is prosemirror-collab[4], which is basically "OT without the stuff you don't need with an authoritative source for documents." Practically speaking that means "OT without T", but because it does not transform the ops to be order-independent, it has an extra step on conflict where the user has to rebase changes and re-submit. This is can cause minor edit starvation of less-connected clients. prosemirror-collab-commit[5] fixes this by performing the rebasing on the server... so it's still "OT without the T", but also with an authoritative conflict resolution pseudo-T at the end. I personally recommend prosemirror-collab-commit, it's what we use, and it's extremely fast and predictable.
If you just want something pedogocically helpful, the blessed upstream collaborative editing solution for CodeMirror is OT. See author's blog post[1], the @codemirror/collab package[2], and the live demo[3]. In general this implementation is quite good and worth reading if you are interested in this kind of thing. ShareJS and OTTypes are both very readable and very good, although we found them very challenging to adopt in a real-world ProseMirror-based editor.
[1]: https://marijnhaverbeke.nl/blog/collaborative-editing-cm.htm...
[2]: https://codemirror.net/docs/ref/#collab
[3]: https://codemirror.net/examples/collab/
[4]: https://github.com/ProseMirror/prosemirror-collab
[5]: https://github.com/stepwisehq/prosemirror-collab-commit
When I was starting my research into collaborative editing as a PhD student 20+ years ago, rebase-and-resubmit was well known. It was used in one Microsoft team collab product (I forgot the name). It is 100% legit algo except intermittently-connected clients may face challenges (screw them then).
Unless you have to support some complicated scenarios, it will work. I believe Google Docs initially used something of the sort (diff-match-patch based). It annoyed users with alerts "lets rebase your changes", esp on bad WiFi. So they borrowed proper OT from Google Wave and lived happily since (not really).
One way to think about it: how many users will your product have and how strange your data races / corner cases can get. At Google's scale, 0.1% users complaining is a huge shit storm. For others, that is one crazy guy in the channel, no biggie. It all depends.
TLDR: people invented OT/CRDT for a reason.
Cheers for plugging prosemirror-collab-commit! Nice to see it's getting used more.
In our case, we're not using a text editor, but instead building a spreadsheet, so a lot of these collab-built-into-an-editor are, like you say, pedagogically useful but less helpful as direct building blocks that we can just pull in and use. But the advice is very useful, thank you!