Plan 9's Acme (a GUI editor similar to sam) is just fine when ran over LAN - no felt lag at all. Not sure how well it handles modern-day internet, but quite possibly would be practical.
And yes, it uses mouse-based select/cut/copy/paste, with line- and block- level operations.
And yes, it uses mouse-based select/cut/copy/paste, with line- and block- level operations.