In a long audio file with lots of 'parts' placing flags then "Splitting" the file based on flag markers is the best way to break the large file apart.

To know which sound-bytes are which I like to name the markers with a meaningful name -- which then becomes the file name of the newly split file.

Having to double-click, then remove "New Marker" to type in the new name is slow and cumbersome.

Is there an easier way?

Hello fshow,
That would be about the easiest way. When you double-click the marker, you can then press Command-A to select all of the text. It will be replaced when you start typing. Hope this helps