diff --git a/.github/actions/godot-build/action.yml b/.github/actions/godot-build/action.yml
index 75f3d9ab37a..377480b1239 100644
--- a/.github/actions/godot-build/action.yml
+++ b/.github/actions/godot-build/action.yml
@@ -2,16 +2,13 @@ name: Build Godot
 description: Build Godot with the provided options.
 inputs:
   target:
-    description: The scons target (debug/release_debug/release).
-    default: "debug"
-  tools:
-    description: If tools are to be built.
-    default: false
+    description: Build target (editor, template_release, template_debug).
+    default: "editor"
   tests:
-    description: If tests are to be built.
+    description: Unit tests.
     default: false
   platform:
-    description: The Godot platform to build.
+    description: Target platform.
     required: false
   sconsflags:
     default: ""
@@ -33,7 +30,7 @@ runs:
           SCONS_CACHE: ${{ inputs.scons-cache }}
           SCONS_CACHE_LIMIT: ${{ inputs.scons-cache-limit }}
       run: |
-        echo "Building with flags:" ${{ env.SCONSFLAGS }}
-        if ! ${{ inputs.tools }}; then rm -rf editor; fi  # Ensure we don't include editor code.
-        scons p=${{ inputs.platform }} target=${{ inputs.target }} tools=${{ inputs.tools }} tests=${{ inputs.tests }} ${{ env.SCONSFLAGS }}
+        echo "Building with flags:" platform=${{ inputs.platform }} target=${{ inputs.target }} tests=${{ inputs.tests }} ${{ env.SCONSFLAGS }}
+        if [ "${{ inputs.target }}" != "editor" ]; then rm -rf editor; fi  # Ensure we don't include editor code.
+        scons platform=${{ inputs.platform }} target=${{ inputs.target }} tests=${{ inputs.tests }} ${{ env.SCONSFLAGS }}
         ls -l bin/
diff --git a/.github/workflows/android_builds.yml b/.github/workflows/android_builds.yml
index 4f54f6629e9..ed4ef010122 100644
--- a/.github/workflows/android_builds.yml
+++ b/.github/workflows/android_builds.yml
@@ -14,7 +14,7 @@ concurrency:
 jobs:
   android-template:
     runs-on: "ubuntu-20.04"
-    name: Template (target=release, tools=no)
+    name: Template (target=template_release)
 
     steps:
       - uses: actions/checkout@v3
@@ -44,8 +44,7 @@ jobs:
         with:
           sconsflags: ${{ env.SCONSFLAGS }} arch=arm32
           platform: android
-          target: release
-          tools: false
+          target: template_release
           tests: false
 
       - name: Compilation (arm64)
@@ -53,8 +52,7 @@ jobs:
         with:
           sconsflags: ${{ env.SCONSFLAGS }} arch=arm64
           platform: android
-          target: release
-          tools: false
+          target: template_release
           tests: false
 
       - name: Generate Godot templates
diff --git a/.github/workflows/ios_builds.yml b/.github/workflows/ios_builds.yml
index bc00fad5697..0ea7a4ccc3d 100644
--- a/.github/workflows/ios_builds.yml
+++ b/.github/workflows/ios_builds.yml
@@ -14,7 +14,7 @@ concurrency:
 jobs:
   ios-template:
     runs-on: "macos-latest"
-    name: Template (target=release, tools=no)
+    name: Template (target=template_release)
 
     steps:
       - uses: actions/checkout@v3
@@ -31,8 +31,7 @@ jobs:
         with:
           sconsflags: ${{ env.SCONSFLAGS }}
           platform: ios
-          target: release
-          tools: false
+          target: template_release
           tests: false
 
       - name: Upload artifact
diff --git a/.github/workflows/linux_builds.yml b/.github/workflows/linux_builds.yml
index 2e8bd101e5e..b0ed71a7b57 100644
--- a/.github/workflows/linux_builds.yml
+++ b/.github/workflows/linux_builds.yml
@@ -7,7 +7,7 @@ env:
   GODOT_BASE_BRANCH: master
   SCONSFLAGS: verbose=yes warnings=extra werror=yes module_text_server_fb_enabled=yes
   DOTNET_NOLOGO: true
-  DOTNET_CLI_TELEMETRY_OPTOUT: false
+  DOTNET_CLI_TELEMETRY_OPTOUT: true
 
 concurrency:
   group: ci-${{github.actor}}-${{github.head_ref || github.run_number}}-${{github.ref}}-linux
@@ -21,57 +21,52 @@ jobs:
       fail-fast: false
       matrix:
         include:
-          - name: Editor w Mono (target=release_debug, tools=yes, tests=yes)
+          - name: Editor w/ Mono (target=editor)
             cache-name: linux-editor-mono
-            target: release_debug
-            tools: true
+            target: editor
             tests: false # Disabled due freeze caused by mix Mono build and CI
             sconsflags: module_mono_enabled=yes
             doc-test: true
-            bin: "./bin/godot.linuxbsd.opt.tools.x86_64.mono"
+            bin: "./bin/godot.linuxbsd.editor.x86_64.mono"
             build-mono: true
             proj-conv: true
             artifact: true
 
-          - name: Editor with doubles and GCC sanitizers (target=debug, tools=yes, float=64, tests=yes, use_asan=yes, use_ubsan=yes, linker=gold)
+          - name: Editor with doubles and GCC sanitizers (target=editor, tests=yes, dev_build=yes, float=64, use_asan=yes, use_ubsan=yes, linker=gold)
             cache-name: linux-editor-double-sanitizers
-            target: debug
-            tools: true
+            target: editor
             tests: true
-            sconsflags: float=64 use_asan=yes use_ubsan=yes linker=gold
+            sconsflags: dev_build=yes float=64 use_asan=yes use_ubsan=yes linker=gold
             proj-test: true
             # Can be turned off for PRs that intentionally break compat with godot-cpp,
             # until both the upstream PR and the matching godot-cpp changes are merged.
             godot-cpp-test: true
-            bin: "./bin/godot.linuxbsd.double.tools.x86_64.san"
+            bin: "./bin/godot.linuxbsd.editor.dev.double.x86_64.san"
             build-mono: false
             # Skip 2GiB artifact speeding up action.
             artifact: false
 
-          - name: Editor with clang sanitizers (target=debug, tools=yes, use_asan=yes, use_ubsan=yes, use_llvm=yes, linker=lld)
+          - name: Editor with clang sanitizers (target=editor, tests=yes, dev_build=yes, use_asan=yes, use_ubsan=yes, use_llvm=yes, linker=lld)
             cache-name: linux-editor-llvm-sanitizers
-            target: debug
-            tools: true
+            target: editor
             tests: true
-            sconsflags: use_asan=yes use_ubsan=yes use_llvm=yes linker=lld
-            bin: "./bin/godot.linuxbsd.tools.x86_64.llvm.san"
+            sconsflags: dev_build=yes use_asan=yes use_ubsan=yes use_llvm=yes linker=lld
+            bin: "./bin/godot.linuxbsd.editor.dev.x86_64.llvm.san"
             build-mono: false
             # Skip 2GiB artifact speeding up action.
             artifact: false
 
-          - name: Template w/ Mono (target=release, tools=no)
+          - name: Template w/ Mono (target=template_release)
             cache-name: linux-template-mono
-            target: release
-            tools: false
+            target: template_release
             tests: false
-            sconsflags: module_mono_enabled=yes debug_symbols=no
+            sconsflags: module_mono_enabled=yes
             build-mono: false
             artifact: true
 
-          - name: Minimal Template (target=release, tools=no, everything disabled)
+          - name: Minimal template (target=template_release, everything disabled)
             cache-name: linux-template-minimal
-            target: release
-            tools: false
+            target: template_release
             tests: false
             sconsflags: modules_enabled_by_default=no disable_3d=yes disable_advanced_gui=yes deprecated=no minizip=no
             artifact: true
@@ -113,7 +108,6 @@ jobs:
           sconsflags: ${{ env.SCONSFLAGS }} ${{ matrix.sconsflags }}
           platform: linuxbsd
           target: ${{ matrix.target }}
-          tools: ${{ matrix.tools }}
           tests: ${{ matrix.tests }}
 
       - name: Generate C# glue
@@ -221,7 +215,7 @@ jobs:
         if: ${{ matrix.godot-cpp-test }}
         run: |
           cd godot-cpp/test
-          scons target=${{ matrix.target }}
+          scons target=debug
           cd ../..
 
       - name: Prepare artifact
diff --git a/.github/workflows/macos_builds.yml b/.github/workflows/macos_builds.yml
index be1fb8de85b..dd3db3270b3 100644
--- a/.github/workflows/macos_builds.yml
+++ b/.github/workflows/macos_builds.yml
@@ -19,17 +19,15 @@ jobs:
       fail-fast: false
       matrix:
         include:
-          - name: Editor (target=release_debug, tools=yes, tests=yes)
+          - name: Editor (target=editor, tests=yes)
             cache-name: macos-editor
-            target: release_debug
-            tools: true
+            target: editor
             tests: true
-            bin: "./bin/godot.macos.opt.tools.x86_64"
+            bin: "./bin/godot.macos.editor.x86_64"
 
-          - name: Template (target=release, tools=no)
+          - name: Template (target=template_release)
             cache-name: macos-template
-            target: release
-            tools: false
+            target: template_release
             tests: false
             sconsflags: debug_symbols=no
 
@@ -55,7 +53,6 @@ jobs:
           sconsflags: ${{ env.SCONSFLAGS }}
           platform: macos
           target: ${{ matrix.target }}
-          tools: ${{ matrix.tools }}
           tests: ${{ matrix.tests }}
 
       # Execute unit tests for the editor
diff --git a/.github/workflows/web_builds.yml b/.github/workflows/web_builds.yml
index deee91938d3..f684b838e1b 100644
--- a/.github/workflows/web_builds.yml
+++ b/.github/workflows/web_builds.yml
@@ -16,7 +16,7 @@ concurrency:
 jobs:
   web-template:
     runs-on: "ubuntu-20.04"
-    name: Template (target=release, tools=no)
+    name: Template (target=template_release)
 
     steps:
       - uses: actions/checkout@v3
@@ -43,8 +43,7 @@ jobs:
         with:
           sconsflags: ${{ env.SCONSFLAGS }}
           platform: web
-          target: release
-          tools: false
+          target: template_release
           tests: false
 
       - name: Upload artifact
diff --git a/.github/workflows/windows_builds.yml b/.github/workflows/windows_builds.yml
index 9033e1ab1d9..b35c811763f 100644
--- a/.github/workflows/windows_builds.yml
+++ b/.github/workflows/windows_builds.yml
@@ -22,19 +22,17 @@ jobs:
       fail-fast: false
       matrix:
         include:
-          - name: Editor (target=release_debug, tools=yes, tests=yes)
+          - name: Editor (target=editor, tests=yes)
             cache-name: windows-editor
-            target: release_debug
-            tools: true
+            target: editor
             tests: true
             # Skip debug symbols, they're way too big with MSVC.
             sconsflags: debug_symbols=no
-            bin: "./bin/godot.windows.opt.tools.x86_64.exe"
+            bin: "./bin/godot.windows.editor.x86_64.exe"
 
-          - name: Template (target=release, tools=no)
+          - name: Template (target=template_release, tools=no)
             cache-name: windows-template
-            target: release
-            tools: false
+            target: template_release
             tests: false
             sconsflags: debug_symbols=no
 
@@ -57,7 +55,6 @@ jobs:
           sconsflags: ${{ env.SCONSFLAGS }} ${{ matrix.sconsflags }}
           platform: windows
           target: ${{ matrix.target }}
-          tools: ${{ matrix.tools }}
           tests: ${{ matrix.tests }}
 
       # Execute unit tests for the editor
diff --git a/SConstruct b/SConstruct
index b64e0bddd83..c86422c4e41 100644
--- a/SConstruct
+++ b/SConstruct
@@ -57,7 +57,7 @@ import glsl_builders
 import gles3_builders
 from platform_methods import architectures, architecture_aliases
 
-if methods.get_cmdline_bool("tools", True):
+if ARGUMENTS.get("target", "editor") == "editor":
     _helper_module("editor.editor_builders", "editor/editor_builders.py")
     _helper_module("editor.template_builders", "editor/template_builders.py")
 
@@ -164,27 +164,33 @@ opts = Variables(customs, ARGUMENTS)
 # Target build options
 opts.Add("platform", "Target platform (%s)" % ("|".join(platform_list),), "")
 opts.Add("p", "Platform (alias for 'platform')", "")
-opts.Add(BoolVariable("tools", "Build the tools (a.k.a. the Godot editor)", True))
-opts.Add(EnumVariable("target", "Compilation target", "debug", ("debug", "release_debug", "release")))
+opts.Add(EnumVariable("target", "Compilation target", "editor", ("editor", "template_release", "template_debug")))
 opts.Add(EnumVariable("arch", "CPU architecture", "auto", ["auto"] + architectures, architecture_aliases))
-opts.Add(EnumVariable("float", "Floating-point precision", "32", ("32", "64")))
-opts.Add(EnumVariable("optimize", "Optimization type", "speed", ("speed", "size", "none")))
+opts.Add(BoolVariable("dev_build", "Developer build with dev-only debugging code (DEV_ENABLED)", False))
+opts.Add(
+    EnumVariable(
+        "optimize", "Optimization level", "speed_trace", ("none", "custom", "debug", "speed", "speed_trace", "size")
+    )
+)
+opts.Add(BoolVariable("debug_symbols", "Build with debugging symbols", True))
+opts.Add(BoolVariable("separate_debug_symbols", "Extract debugging symbols to a separate file", False))
+opts.Add(EnumVariable("lto", "Link-time optimization (production builds)", "none", ("none", "auto", "thin", "full")))
 opts.Add(BoolVariable("production", "Set defaults to build Godot for use in production", False))
-opts.Add(EnumVariable("lto", "Link-time optimization (for production buids)", "none", ("none", "auto", "thin", "full")))
 
 # Components
 opts.Add(BoolVariable("deprecated", "Enable compatibility code for deprecated and removed features", True))
+opts.Add(EnumVariable("float", "Floating-point precision", "32", ("32", "64")))
 opts.Add(BoolVariable("minizip", "Enable ZIP archive support using minizip", True))
 opts.Add(BoolVariable("xaudio2", "Enable the XAudio2 audio driver", False))
 opts.Add(BoolVariable("vulkan", "Enable the vulkan video driver", True))
 opts.Add(BoolVariable("opengl3", "Enable the OpenGL/GLES3 video driver", True))
 opts.Add(BoolVariable("openxr", "Enable the OpenXR driver", True))
+opts.Add(BoolVariable("use_volk", "Use the volk library to load the Vulkan loader dynamically", True))
 opts.Add("custom_modules", "A list of comma-separated directory paths containing custom modules to build.", "")
 opts.Add(BoolVariable("custom_modules_recursive", "Detect custom modules recursively for each specified path.", True))
-opts.Add(BoolVariable("use_volk", "Use the volk library to load the Vulkan loader dynamically", True))
 
 # Advanced options
-opts.Add(BoolVariable("dev", "If yes, alias for verbose=yes warnings=extra werror=yes", False))
+opts.Add(BoolVariable("dev_mode", "Alias for dev options: verbose=yes warnings=extra werror=yes tests=yes", False))
 opts.Add(BoolVariable("tests", "Build the unit tests", False))
 opts.Add(BoolVariable("fast_unsafe", "Enable unsafe options for faster rebuilds", False))
 opts.Add(BoolVariable("compiledb", "Generate compilation DB (`compile_commands.json`) for external tools", False))
@@ -376,13 +382,36 @@ env_base.Prepend(CPPPATH=["#"])
 env_base.platform_exporters = platform_exporters
 env_base.platform_apis = platform_apis
 
-# Build type defines - more platform-specific ones can be in detect.py.
-if env_base["target"] == "release_debug" or env_base["target"] == "debug":
+# Configuration of build targets:
+# - Editor or template
+# - Debug features (DEBUG_ENABLED code)
+# - Dev only code (DEV_ENABLED code)
+# - Optimization level
+# - Debug symbols for crash traces / debuggers
+
+env_base.editor_build = env_base["target"] == "editor"
+env_base.dev_build = env_base["dev_build"]
+env_base.debug_features = env_base["target"] in ["editor", "template_debug"]
+
+if env_base.dev_build:
+    opt_level = "none"
+elif env_base.debug_features:
+    opt_level = "speed_trace"
+else:  # Release
+    opt_level = "speed"
+
+env_base["optimize"] = ARGUMENTS.get("optimize", opt_level)
+env_base["debug_symbols"] = methods.get_cmdline_bool("debug_symbols", env_base.dev_build)
+
+if env_base.editor_build:
+    env_base.Append(CPPDEFINES=["TOOLS_ENABLED"])
+
+if env_base.debug_features:
     # DEBUG_ENABLED enables debugging *features* and debug-only code, which is intended
     # to give *users* extra debugging information for their game development.
     env_base.Append(CPPDEFINES=["DEBUG_ENABLED"])
 
-if env_base["target"] == "debug":
+if env_base.dev_build:
     # DEV_ENABLED enables *engine developer* code which should only be compiled for those
     # working on the engine itself.
     env_base.Append(CPPDEFINES=["DEV_ENABLED"])
@@ -395,7 +424,7 @@ else:
 # Unsafe as they reduce the certainty of rebuilding all changed files, so it's
 # enabled by default for `debug` builds, and can be overridden from command line.
 # Ref: https://github.com/SCons/scons/wiki/GoFastButton
-if methods.get_cmdline_bool("fast_unsafe", env_base["target"] == "debug"):
+if methods.get_cmdline_bool("fast_unsafe", env_base.dev_build):
     # Renamed to `content-timestamp` in SCons >= 4.2, keeping MD5 for compat.
     env_base.Decider("MD5-timestamp")
     env_base.SetOption("implicit_cache", 1)
@@ -470,32 +499,64 @@ if selected_platform in platform_list:
         if not (f[0] in ARGUMENTS) or ARGUMENTS[f[0]] == "auto":  # Allow command line to override platform flags
             env[f[0]] = f[1]
 
-    # 'dev' and 'production' are aliases to set default options if they haven't been
+    # 'dev_mode' and 'production' are aliases to set default options if they haven't been
     # set manually by the user.
     # These need to be checked *after* platform specific flags so that different
     # default values can be set (e.g. to keep LTO off for `production` on some platforms).
-    if env["dev"]:
+    if env["dev_mode"]:
         env["verbose"] = methods.get_cmdline_bool("verbose", True)
         env["warnings"] = ARGUMENTS.get("warnings", "extra")
         env["werror"] = methods.get_cmdline_bool("werror", True)
-        if env["tools"]:
-            env["tests"] = methods.get_cmdline_bool("tests", True)
+        env["tests"] = methods.get_cmdline_bool("tests", True)
     if env["production"]:
         env["use_static_cpp"] = methods.get_cmdline_bool("use_static_cpp", True)
         env["debug_symbols"] = methods.get_cmdline_bool("debug_symbols", False)
         # LTO "auto" means we handle the preferred option in each platform detect.py.
         env["lto"] = ARGUMENTS.get("lto", "auto")
-        if not env["tools"] and env["target"] == "debug":
-            print(
-                "WARNING: Requested `production` build with `tools=no target=debug`, "
-                "this will give you a full debug template (use `target=release_debug` "
-                "for an optimized template with debug features)."
-            )
 
     # Must happen after the flags' definition, as configure is when most flags
     # are actually handled to change compile options, etc.
     detect.configure(env)
 
+    print(f'Building for platform "{selected_platform}", architecture "{env["arch"]}", target "{env["target"]}.')
+    if env.dev_build:
+        print("NOTE: Developer build, with debug optimization level and debug symbols (unless overridden).")
+
+    # Set optimize and debug_symbols flags.
+    # "custom" means do nothing and let users set their own optimization flags.
+    # Needs to happen after configure to have `env.msvc` defined.
+    if env.msvc:
+        if env["debug_symbols"]:
+            env.Append(CCFLAGS=["/Zi", "/FS"])
+            env.Append(LINKFLAGS=["/DEBUG:FULL"])
+
+        if env["optimize"] == "speed" or env["optimize"] == "speed_trace":
+            env.Append(CCFLAGS=["/O2"])
+            env.Append(LINKFLAGS=["/OPT:REF"])
+        elif env["optimize"] == "size":
+            env.Append(CCFLAGS=["/O1"])
+            env.Append(LINKFLAGS=["/OPT:REF"])
+        elif env["optimize"] == "debug" or env["optimize"] == "none":
+            env.Append(CCFLAGS=["/Od"])
+    else:
+        if env["debug_symbols"]:
+            if env.dev_build:
+                env.Append(CCFLAGS=["-g3"])
+            else:
+                env.Append(CCFLAGS=["-g2"])
+
+        if env["optimize"] == "speed":
+            env.Append(CCFLAGS=["-O3"])
+        # `-O2` is friendlier to debuggers than `-O3`, leading to better crash backtraces.
+        elif env["optimize"] == "speed_trace":
+            env.Append(CCFLAGS=["-O2"])
+        elif env["optimize"] == "size":
+            env.Append(CCFLAGS=["-Os"])
+        elif env["optimize"] == "debug":
+            env.Append(CCFLAGS=["-Og"])
+        elif env["optimize"] == "none":
+            env.Append(CCFLAGS=["-O0"])
+
     # Needs to happen after configure to handle "auto".
     if env["lto"] != "none":
         print("Using LTO: " + env["lto"])
@@ -514,11 +575,6 @@ if selected_platform in platform_list:
         # We apply it to CCFLAGS (both C and C++ code) in case it impacts C features.
         env.Prepend(CCFLAGS=["/std:c++17"])
 
-    print(
-        'Building for platform "%s", architecture "%s", %s, target "%s".'
-        % (selected_platform, env["arch"], "editor" if env["tools"] else "template", env["target"])
-    )
-
     # Enforce our minimal compiler version requirements
     cc_version = methods.get_compiler_version(env) or {
         "major": None,
@@ -663,32 +719,13 @@ if selected_platform in platform_list:
     else:
         suffix = "." + selected_platform
 
+    suffix += "." + env["target"]
+    if env.dev_build:
+        suffix += ".dev"
+
     if env_base["float"] == "64":
         suffix += ".double"
 
-    if env["target"] == "release":
-        if env["tools"]:
-            print("ERROR: The editor can only be built with `target=debug` or `target=release_debug`.")
-            print("       Use `tools=no target=release` to build a release export template.")
-            Exit(255)
-        suffix += ".opt"
-    elif env["target"] == "release_debug":
-        if env["tools"]:
-            suffix += ".opt.tools"
-        else:
-            suffix += ".opt.debug"
-    else:
-        if env["tools"]:
-            print(
-                "Note: Building a debug binary (which will run slowly). Use `target=release_debug` to build an optimized release binary."
-            )
-            suffix += ".tools"
-        else:
-            print(
-                "Note: Building a debug binary (which will run slowly). Use `target=release` to build an optimized release binary."
-            )
-            suffix += ".debug"
-
     suffix += "." + env["arch"]
     suffix += env.extra_suffix
 
@@ -753,9 +790,6 @@ if selected_platform in platform_list:
     env["LIBSUFFIX"] = suffix + env["LIBSUFFIX"]
     env["SHLIBSUFFIX"] = suffix + env["SHLIBSUFFIX"]
 
-    if env["tools"]:
-        env.Append(CPPDEFINES=["TOOLS_ENABLED"])
-
     disabled_classes = []
 
     if env["build_feature_profile"] != "":
@@ -777,19 +811,16 @@ if selected_platform in platform_list:
     methods.write_disabled_classes(disabled_classes)
 
     if env["disable_3d"]:
-        if env["tools"]:
-            print(
-                "Build option 'disable_3d=yes' cannot be used with 'tools=yes' (editor), "
-                "only with 'tools=no' (export template)."
-            )
+        if env.editor_build:
+            print("Build option 'disable_3d=yes' cannot be used for editor builds, but only for export templates.")
             Exit(255)
         else:
             env.Append(CPPDEFINES=["_3D_DISABLED"])
     if env["disable_advanced_gui"]:
-        if env["tools"]:
+        if env.editor_build:
             print(
-                "Build option 'disable_advanced_gui=yes' cannot be used with 'tools=yes' (editor), "
-                "only with 'tools=no' (export template)."
+                "Build option 'disable_advanced_gui=yes' cannot be used for editor builds, "
+                "but only for export templates."
             )
             Exit(255)
         else:
@@ -847,7 +878,7 @@ if selected_platform in platform_list:
     SConscript("core/SCsub")
     SConscript("servers/SCsub")
     SConscript("scene/SCsub")
-    if env["tools"]:
+    if env.editor_build:
         SConscript("editor/SCsub")
     SConscript("drivers/SCsub")
 
diff --git a/core/SCsub b/core/SCsub
index d4462fa5465..43deff3ad53 100644
--- a/core/SCsub
+++ b/core/SCsub
@@ -85,7 +85,7 @@ if env["builtin_zlib"]:
     env_thirdparty.Prepend(CPPPATH=[thirdparty_zlib_dir])
     # Needs to be available in main env too
     env.Prepend(CPPPATH=[thirdparty_zlib_dir])
-    if env["target"] == "debug":
+    if env.dev_build:
         env_thirdparty.Append(CPPDEFINES=["ZLIB_DEBUG"])
 
     env_thirdparty.add_source_files(thirdparty_obj, thirdparty_zlib_sources)
diff --git a/editor/SCsub b/editor/SCsub
index c217f162b4e..32ad88add59 100644
--- a/editor/SCsub
+++ b/editor/SCsub
@@ -24,7 +24,7 @@ def _make_doc_data_class_path(to_path):
     g.close()
 
 
-if env["tools"]:
+if env.editor_build:
     # Register exporters
     reg_exporters_inc = '#include "register_exporters.h"\n'
     reg_exporters = "void register_exporters() {\n"
diff --git a/methods.py b/methods.py
index 97a1e15e35a..5e4a704135c 100644
--- a/methods.py
+++ b/methods.py
@@ -64,7 +64,7 @@ def disable_warnings(self):
 
 def force_optimization_on_debug(self):
     # 'self' is the environment
-    if self["target"] != "debug":
+    if self["target"] != "template-release":
         return
 
     if self.msvc:
@@ -737,20 +737,19 @@ def generate_vs_project(env, num_jobs):
     if batch_file:
 
         class ModuleConfigs(Mapping):
-            # This version information (Win32, x64, Debug, Release, Release_Debug seems to be
+            # This version information (Win32, x64, Debug, Release) seems to be
             # required for Visual Studio to understand that it needs to generate an NMAKE
             # project. Do not modify without knowing what you are doing.
             PLATFORMS = ["Win32", "x64"]
             PLATFORM_IDS = ["x86_32", "x86_64"]
-            CONFIGURATIONS = ["debug", "release", "release_debug"]
-            CONFIGURATION_IDS = ["tools", "opt", "opt.tools"]
+            CONFIGURATIONS = ["editor", "template_release", "template_debug"]
+            DEV_SUFFIX = ["", ".dev"]
 
             @staticmethod
             def for_every_variant(value):
                 return [value for _ in range(len(ModuleConfigs.CONFIGURATIONS) * len(ModuleConfigs.PLATFORMS))]
 
             def __init__(self):
-
                 shared_targets_array = []
                 self.names = []
                 self.arg_dict = {
@@ -779,16 +778,16 @@ def generate_vs_project(env, num_jobs):
                     for platform in ModuleConfigs.PLATFORMS
                 ]
                 self.arg_dict["runfile"] += [
-                    f'bin\\godot.windows.{config_id}.{plat_id}{f".{name}" if name else ""}.exe'
-                    for config_id in ModuleConfigs.CONFIGURATION_IDS
+                    f'bin\\godot.windows.{config}{dev}.{plat_id}{f".{name}" if name else ""}.exe'
+                    for config in ModuleConfigs.CONFIGURATIONS
                     for plat_id in ModuleConfigs.PLATFORM_IDS
+                    for dev in ModuleConfig.DEV_SUFFIX
                 ]
                 self.arg_dict["cpppaths"] += ModuleConfigs.for_every_variant(env["CPPPATH"] + [includes])
                 self.arg_dict["cppdefines"] += ModuleConfigs.for_every_variant(env["CPPDEFINES"] + defines)
                 self.arg_dict["cmdargs"] += ModuleConfigs.for_every_variant(cli_args)
 
             def build_commandline(self, commands):
-
                 configuration_getter = (
                     "$(Configuration"
                     + "".join([f'.Replace("{name}", "")' for name in self.names[1:]])
@@ -799,8 +798,6 @@ def generate_vs_project(env, num_jobs):
                 common_build_prefix = [
                     'cmd /V /C set "plat=$(PlatformTarget)"',
                     '(if "$(PlatformTarget)"=="x64" (set "plat=x86_amd64"))',
-                    'set "tools=%s"' % env["tools"],
-                    f'(if "{configuration_getter}"=="release" (set "tools=no"))',
                     'call "' + batch_file + '" !plat!',
                 ]
 
@@ -813,10 +810,12 @@ def generate_vs_project(env, num_jobs):
                     "platform=windows",
                     f"target={configuration_getter}",
                     "progress=no",
-                    "tools=!tools!",
                     "-j%s" % num_jobs,
                 ]
 
+                if env["dev_build"]:
+                    common_build_postfix.append("dev_build=yes")
+
                 if env["tests"]:
                     common_build_postfix.append("tests=yes")
 
@@ -846,7 +845,7 @@ def generate_vs_project(env, num_jobs):
         add_to_vs_project(env, env.servers_sources)
         if env["tests"]:
             add_to_vs_project(env, env.tests_sources)
-        if env["tools"]:
+        if env.editor_build:
             add_to_vs_project(env, env.editor_sources)
 
         for header in glob_recursive("**/*.h"):
@@ -855,7 +854,7 @@ def generate_vs_project(env, num_jobs):
         module_configs = ModuleConfigs()
 
         if env.get("module_mono_enabled"):
-            mono_defines = [("GD_MONO_HOT_RELOAD",)] if env["tools"] else []
+            mono_defines = [("GD_MONO_HOT_RELOAD",)] if env.editor_build else []
             module_configs.add_mode(
                 "mono",
                 cli_args="module_mono_enabled=yes",
diff --git a/misc/dist/html/editor.html b/misc/dist/html/editor.html
index ac00270d50d..c9f3c2cc0d1 100644
--- a/misc/dist/html/editor.html
+++ b/misc/dist/html/editor.html
@@ -411,7 +411,7 @@
 			}
 		}
 	//]]></script>
-	<script src="godot.tools.js"></script>
+	<script src="godot.editor.js"></script>
 	<script>//<![CDATA[
 
 		var editor = null;
@@ -706,7 +706,7 @@
 				displayFailureNotice('WebGL not available');
 			} else {
 				setStatusMode('indeterminate');
-				editor.init('godot.tools').then(function() {
+				editor.init('godot.editor').then(function() {
 					if (zip) {
 						editor.copyToFS("/tmp/preload.zip", zip);
 					}
diff --git a/misc/dist/html/manifest.json b/misc/dist/html/manifest.json
index ccfb793b20a..75af81cda15 100644
--- a/misc/dist/html/manifest.json
+++ b/misc/dist/html/manifest.json
@@ -3,7 +3,7 @@
   "short_name": "Godot",
   "description": "Multi-platform 2D and 3D game engine with a feature-rich editor (Web edition)",
   "lang": "en",
-  "start_url": "./godot.tools.html",
+  "start_url": "./godot.editor.html",
   "display": "standalone",
   "theme_color": "#202531",
   "icons": [
diff --git a/modules/basis_universal/SCsub b/modules/basis_universal/SCsub
index a44a7f0db33..161b0f38149 100644
--- a/modules/basis_universal/SCsub
+++ b/modules/basis_universal/SCsub
@@ -40,12 +40,12 @@ if not env.msvc:
 else:
     env_basisu.Prepend(CPPPATH=[thirdparty_dir])
 
-if env["target"] == "debug":
+if env.dev_build:
     env_basisu.Append(CPPDEFINES=[("BASISU_DEVEL_MESSAGES", 1), ("BASISD_ENABLE_DEBUG_FLAGS", 1)])
 
 env_thirdparty = env_basisu.Clone()
 env_thirdparty.disable_warnings()
-if env["tools"]:
+if env.editor_build:
     env_thirdparty.Append(CPPDEFINES=["BASISU_NO_IMG_LOADERS"])
     env_thirdparty.add_source_files(thirdparty_obj, encoder_sources)
 env_thirdparty.add_source_files(thirdparty_obj, transcoder_sources)
diff --git a/modules/csg/SCsub b/modules/csg/SCsub
index 55f859db11e..1cf9974fc13 100644
--- a/modules/csg/SCsub
+++ b/modules/csg/SCsub
@@ -7,5 +7,5 @@ env_csg = env_modules.Clone()
 
 # Godot source files
 env_csg.add_source_files(env.modules_sources, "*.cpp")
-if env["tools"]:
+if env.editor_build:
     env_csg.add_source_files(env.modules_sources, "editor/*.cpp")
diff --git a/modules/cvtt/config.py b/modules/cvtt/config.py
index 53b8f2f2e36..eb565b85b90 100644
--- a/modules/cvtt/config.py
+++ b/modules/cvtt/config.py
@@ -1,5 +1,5 @@
 def can_build(env, platform):
-    return env["tools"]
+    return env.editor_build
 
 
 def configure(env):
diff --git a/modules/denoise/config.py b/modules/denoise/config.py
index 20a5e1da2fc..27d2ffbf864 100644
--- a/modules/denoise/config.py
+++ b/modules/denoise/config.py
@@ -5,7 +5,7 @@ def can_build(env, platform):
     # as doing lightmap generation and denoising on Android or Web
     # would be a bit far-fetched.
     desktop_platforms = ["linuxbsd", "macos", "windows"]
-    return env["tools"] and platform in desktop_platforms and env["arch"] == "x86_64"
+    return env.editor_build and platform in desktop_platforms and env["arch"] == "x86_64"
 
 
 def configure(env):
diff --git a/modules/etcpak/config.py b/modules/etcpak/config.py
index 53b8f2f2e36..eb565b85b90 100644
--- a/modules/etcpak/config.py
+++ b/modules/etcpak/config.py
@@ -1,5 +1,5 @@
 def can_build(env, platform):
-    return env["tools"]
+    return env.editor_build
 
 
 def configure(env):
diff --git a/modules/freetype/SCsub b/modules/freetype/SCsub
index 2680479acce..0b86bc569f1 100644
--- a/modules/freetype/SCsub
+++ b/modules/freetype/SCsub
@@ -90,7 +90,7 @@ if env["builtin_freetype"]:
     env.Prepend(CPPPATH=[thirdparty_dir + "/include"])
 
     env_freetype.Append(CPPDEFINES=["FT2_BUILD_LIBRARY", "FT_CONFIG_OPTION_USE_PNG", "FT_CONFIG_OPTION_SYSTEM_ZLIB"])
-    if env["target"] == "debug":
+    if env.dev_build:
         env_freetype.Append(CPPDEFINES=["ZLIB_DEBUG"])
 
     # Also requires libpng headers
diff --git a/modules/gdscript/SCsub b/modules/gdscript/SCsub
index 2f507db5487..1dc47681868 100644
--- a/modules/gdscript/SCsub
+++ b/modules/gdscript/SCsub
@@ -7,7 +7,7 @@ env_gdscript = env_modules.Clone()
 
 env_gdscript.add_source_files(env.modules_sources, "*.cpp")
 
-if env["tools"]:
+if env.editor_build:
     env_gdscript.add_source_files(env.modules_sources, "./editor/*.cpp")
 
     SConscript("editor/script_templates/SCsub")
diff --git a/modules/gltf/SCsub b/modules/gltf/SCsub
index 5f111165fd0..d1f337715f5 100644
--- a/modules/gltf/SCsub
+++ b/modules/gltf/SCsub
@@ -9,5 +9,5 @@ env_gltf = env_modules.Clone()
 env_gltf.add_source_files(env.modules_sources, "*.cpp")
 env_gltf.add_source_files(env.modules_sources, "structures/*.cpp")
 SConscript("extensions/SCsub")
-if env["tools"]:
+if env.editor_build:
     env_gltf.add_source_files(env.modules_sources, "editor/*.cpp")
diff --git a/modules/gridmap/SCsub b/modules/gridmap/SCsub
index da3f7d4dd92..282d7725929 100644
--- a/modules/gridmap/SCsub
+++ b/modules/gridmap/SCsub
@@ -7,5 +7,5 @@ env_gridmap = env_modules.Clone()
 
 # Godot source files
 env_gridmap.add_source_files(env.modules_sources, "*.cpp")
-if env["tools"]:
+if env.editor_build:
     env_gridmap.add_source_files(env.modules_sources, "editor/*.cpp")
diff --git a/modules/mono/SCsub b/modules/mono/SCsub
index 7764ba0b45f..a4667f784db 100644
--- a/modules/mono/SCsub
+++ b/modules/mono/SCsub
@@ -26,6 +26,6 @@ if env["platform"] in ["macos", "ios"]:
 elif env["platform"] == "android":
     env_mono.add_source_files(env.modules_sources, "mono_gd/android_mono_config.gen.cpp")
 
-if env["tools"]:
+if env.editor_build:
     env_mono.add_source_files(env.modules_sources, "editor/*.cpp")
     SConscript("editor/script_templates/SCsub")
diff --git a/modules/mono/build_scripts/mono_configure.py b/modules/mono/build_scripts/mono_configure.py
index 5d637730960..5cec8f41f59 100644
--- a/modules/mono/build_scripts/mono_configure.py
+++ b/modules/mono/build_scripts/mono_configure.py
@@ -20,10 +20,7 @@ def configure(env, env_mono):
     # is_ios = env["platform"] == "ios"
     # is_ios_sim = is_ios and env["arch"] in ["x86_32", "x86_64"]
 
-    tools_enabled = env["tools"]
-
-    if tools_enabled and not module_supports_tools_on(env["platform"]):
-        raise RuntimeError("This module does not currently support building for this platform with tools enabled")
-
-    if env["tools"]:
+    if env.editor_build:
+        if not module_supports_tools_on(env["platform"]):
+            raise RuntimeError("This module does not currently support building for this platform for editor builds.")
         env_mono.Append(CPPDEFINES=["GD_MONO_HOT_RELOAD"])
diff --git a/modules/mono/config.py b/modules/mono/config.py
index 15fe79ef8cb..a36083b64b2 100644
--- a/modules/mono/config.py
+++ b/modules/mono/config.py
@@ -7,7 +7,7 @@ def can_build(env, platform):
     if env["arch"].startswith("rv"):
         return False
 
-    if env["tools"]:
+    if env.editor_build:
         env.module_add_dependencies("mono", ["regex"])
 
     return True
diff --git a/modules/multiplayer/SCsub b/modules/multiplayer/SCsub
index ff33655537c..e89038c3e0e 100644
--- a/modules/multiplayer/SCsub
+++ b/modules/multiplayer/SCsub
@@ -8,7 +8,7 @@ env_mp = env_modules.Clone()
 module_obj = []
 env_mp.add_source_files(module_obj, "*.cpp")
 
-if env["tools"]:
+if env.editor_build:
     env_mp.add_source_files(module_obj, "editor/*.cpp")
 
 env.modules_sources += module_obj
diff --git a/modules/navigation/SCsub b/modules/navigation/SCsub
index 24a6b126397..0b0822db2da 100644
--- a/modules/navigation/SCsub
+++ b/modules/navigation/SCsub
@@ -57,7 +57,7 @@ env.modules_sources += thirdparty_obj
 module_obj = []
 
 env_navigation.add_source_files(module_obj, "*.cpp")
-if env["tools"]:
+if env.editor_build:
     env_navigation.add_source_files(module_obj, "editor/*.cpp")
 env.modules_sources += module_obj
 
diff --git a/modules/openxr/SCsub b/modules/openxr/SCsub
index 11cc525484b..b0853f4253d 100644
--- a/modules/openxr/SCsub
+++ b/modules/openxr/SCsub
@@ -96,7 +96,7 @@ env_openxr.add_source_files(module_obj, "extensions/openxr_hand_tracking_extensi
 
 env.modules_sources += module_obj
 
-if env["tools"]:
+if env.editor_build:
     SConscript("editor/SCsub")
 
 # Needed to force rebuilding the module files when the thirdparty library is updated.
diff --git a/modules/text_server_adv/SCsub b/modules/text_server_adv/SCsub
index 8d0245f0f63..763c0f14382 100644
--- a/modules/text_server_adv/SCsub
+++ b/modules/text_server_adv/SCsub
@@ -445,7 +445,7 @@ if env["builtin_icu"]:
 
     icu_data_name = "icudt71l.dat"
 
-    if env_icu["tools"]:
+    if env.editor_build:
         env_icu.Depends("#thirdparty/icu4c/icudata.gen.h", "#thirdparty/icu4c/" + icu_data_name)
         env_icu.Command("#thirdparty/icu4c/icudata.gen.h", "#thirdparty/icu4c/" + icu_data_name, make_icu_data)
         env_text_server_adv.Prepend(CPPPATH=["#thirdparty/icu4c/"])
@@ -479,7 +479,7 @@ if env["builtin_icu"]:
             "-DICU_DATA_NAME=" + icu_data_name,
         ]
     )
-    if env_text_server_adv["tools"]:
+    if env.editor_build:
         env_text_server_adv.Append(CXXFLAGS=["-DICU_STATIC_DATA"])
 
     env_text_server_adv.Prepend(CPPPATH=["#thirdparty/icu4c/common/", "#thirdparty/icu4c/i18n/"])
diff --git a/modules/text_server_adv/gdextension_build/SConstruct b/modules/text_server_adv/gdextension_build/SConstruct
index 488d1f641b6..7ca8859ee61 100644
--- a/modules/text_server_adv/gdextension_build/SConstruct
+++ b/modules/text_server_adv/gdextension_build/SConstruct
@@ -193,7 +193,7 @@ if env["freetype_enabled"]:
             "FT_CONFIG_OPTION_SYSTEM_ZLIB",
         ]
     )
-    if env["target"] == "debug":
+    if env.dev_build:
         env_freetype.Append(CPPDEFINES=["ZLIB_DEBUG"])
 
     env.Append(CPPDEFINES=["MODULE_FREETYPE_ENABLED"])
diff --git a/modules/text_server_fb/gdextension_build/SConstruct b/modules/text_server_fb/gdextension_build/SConstruct
index 488f9ca24ea..eae8e031bf7 100644
--- a/modules/text_server_fb/gdextension_build/SConstruct
+++ b/modules/text_server_fb/gdextension_build/SConstruct
@@ -188,7 +188,7 @@ if env["freetype_enabled"]:
             "FT_CONFIG_OPTION_SYSTEM_ZLIB",
         ]
     )
-    if env["target"] == "debug":
+    if env.dev_build:
         env_freetype.Append(CPPDEFINES=["ZLIB_DEBUG"])
 
     env.Append(CPPDEFINES=["MODULE_FREETYPE_ENABLED"])
diff --git a/modules/tinyexr/config.py b/modules/tinyexr/config.py
index 53b8f2f2e36..eb565b85b90 100644
--- a/modules/tinyexr/config.py
+++ b/modules/tinyexr/config.py
@@ -1,5 +1,5 @@
 def can_build(env, platform):
-    return env["tools"]
+    return env.editor_build
 
 
 def configure(env):
diff --git a/modules/websocket/SCsub b/modules/websocket/SCsub
index 890fb71592a..3f834471e58 100644
--- a/modules/websocket/SCsub
+++ b/modules/websocket/SCsub
@@ -41,7 +41,7 @@ elif env["builtin_wslay"]:
 module_obj = []
 
 env_ws.add_source_files(module_obj, "*.cpp")
-if env["tools"]:
+if env.editor_build:
     env_ws.add_source_files(module_obj, "editor/*.cpp")
 env.modules_sources += module_obj
 
diff --git a/modules/xatlas_unwrap/config.py b/modules/xatlas_unwrap/config.py
index 2e73c516262..ecc61c2d7eb 100644
--- a/modules/xatlas_unwrap/config.py
+++ b/modules/xatlas_unwrap/config.py
@@ -1,5 +1,5 @@
 def can_build(env, platform):
-    return env["tools"] and platform not in ["android", "ios"]
+    return env.editor_build and platform not in ["android", "ios"]
 
 
 def configure(env):
diff --git a/platform/android/SCsub b/platform/android/SCsub
index 344ca036de9..9f5b8d83873 100644
--- a/platform/android/SCsub
+++ b/platform/android/SCsub
@@ -53,14 +53,14 @@ else:
     print("WARN: Architecture not suitable for embedding into APK; keeping .so at \\bin")
 
 if lib_arch_dir != "":
-    if env["target"] == "release":
-        lib_type_dir = "release"
-    elif env["target"] == "release_debug":
+    if env.debug_features:
         lib_type_dir = "debug"
-    else:  # debug
+    elif env.dev_build:
         lib_type_dir = "dev"
+    else:  # Release
+        lib_type_dir = "release"
 
-    if env["tools"]:
+    if env.editor_build:
         lib_tools_dir = "tools/"
     else:
         lib_tools_dir = ""
diff --git a/platform/android/detect.py b/platform/android/detect.py
index 2ff9cd3dc59..f3e3f80dd5b 100644
--- a/platform/android/detect.py
+++ b/platform/android/detect.py
@@ -46,7 +46,7 @@ def get_ndk_version():
 def get_flags():
     return [
         ("arch", "arm64"),  # Default for convenience.
-        ("tools", False),
+        ("target", "template_debug"),
     ]
 
 
@@ -114,20 +114,6 @@ def configure(env):
     env.Append(CCFLAGS=target_option)
     env.Append(LINKFLAGS=target_option)
 
-    # Build type
-
-    if env["target"].startswith("release"):
-        if env["optimize"] == "speed":  # optimize for speed (default)
-            # `-O2` is more friendly to debuggers than `-O3`, leading to better crash backtraces
-            # when using `target=release_debug`.
-            opt = "-O3" if env["target"] == "release" else "-O2"
-            env.Append(CCFLAGS=[opt])
-        elif env["optimize"] == "size":  # optimize for size
-            env.Append(CCFLAGS=["-Oz"])
-    elif env["target"] == "debug":
-        env.Append(LINKFLAGS=["-O0"])
-        env.Append(CCFLAGS=["-O0", "-g"])
-
     # LTO
 
     if env["lto"] == "auto":  # LTO benefits for Android (size, performance) haven't been clearly established yet.
@@ -168,7 +154,7 @@ def configure(env):
     env["AS"] = compiler_path + "/clang"
 
     # Disable exceptions and rtti on non-tools (template) builds
-    if env["tools"]:
+    if env.editor_build:
         env.Append(CXXFLAGS=["-frtti"])
     elif env["builtin_icu"]:
         env.Append(CXXFLAGS=["-frtti", "-fno-exceptions"])
diff --git a/platform/ios/detect.py b/platform/ios/detect.py
index 0f277d6b3a7..74561e9fc58 100644
--- a/platform/ios/detect.py
+++ b/platform/ios/detect.py
@@ -37,7 +37,7 @@ def get_opts():
 def get_flags():
     return [
         ("arch", "arm64"),  # Default for convenience.
-        ("tools", False),
+        ("target", "template_debug"),
         ("use_volk", False),
     ]
 
@@ -52,23 +52,6 @@ def configure(env):
         )
         sys.exit()
 
-    ## Build type
-
-    if env["target"].startswith("release"):
-        env.Append(CPPDEFINES=[("NS_BLOCK_ASSERTIONS", 1)])
-        if env["optimize"] == "speed":  # optimize for speed (default)
-            # `-O2` is more friendly to debuggers than `-O3`, leading to better crash backtraces
-            # when using `target=release_debug`.
-            opt = "-O3" if env["target"] == "release" else "-O2"
-            env.Append(CCFLAGS=[opt])
-            env.Append(LINKFLAGS=[opt])
-        elif env["optimize"] == "size":  # optimize for size
-            env.Append(CCFLAGS=["-Os"])
-            env.Append(LINKFLAGS=["-Os"])
-
-    elif env["target"] == "debug":
-        env.Append(CCFLAGS=["-g", "-O0"])
-
     ## LTO
 
     if env["lto"] == "auto":  # Disable by default as it makes linking in Xcode very slow.
@@ -145,12 +128,10 @@ def configure(env):
         env.Append(ASFLAGS=["-arch", "arm64"])
         env.Append(CPPDEFINES=["NEED_LONG_INT"])
 
-    # Disable exceptions on non-tools (template) builds
-    if not env["tools"]:
-        if env["ios_exceptions"]:
-            env.Append(CCFLAGS=["-fexceptions"])
-        else:
-            env.Append(CCFLAGS=["-fno-exceptions"])
+    if env["ios_exceptions"]:
+        env.Append(CCFLAGS=["-fexceptions"])
+    else:
+        env.Append(CCFLAGS=["-fno-exceptions"])
 
     # Temp fix for ABS/MAX/MIN macros in iOS SDK blocking compilation
     env.Append(CCFLAGS=["-Wno-ambiguous-macro"])
diff --git a/platform/linuxbsd/detect.py b/platform/linuxbsd/detect.py
index 12d2432eeab..92af7e2d750 100644
--- a/platform/linuxbsd/detect.py
+++ b/platform/linuxbsd/detect.py
@@ -44,8 +44,6 @@ def get_opts():
         BoolVariable("fontconfig", "Detect and use fontconfig for system fonts support", True),
         BoolVariable("udev", "Use udev for gamepad connection callbacks", True),
         BoolVariable("x11", "Enable X11 display", True),
-        BoolVariable("debug_symbols", "Add debugging symbols to release/release_debug builds", True),
-        BoolVariable("separate_debug_symbols", "Create a separate file containing debugging symbols", False),
         BoolVariable("touch", "Enable touch events", True),
         BoolVariable("execinfo", "Use libexecinfo on systems where glibc is not available", False),
     ]
@@ -69,26 +67,9 @@ def configure(env):
 
     ## Build type
 
-    if env["target"] == "release":
-        if env["optimize"] == "speed":  # optimize for speed (default)
-            env.Prepend(CCFLAGS=["-O3"])
-        elif env["optimize"] == "size":  # optimize for size
-            env.Prepend(CCFLAGS=["-Os"])
-
-        if env["debug_symbols"]:
-            env.Prepend(CCFLAGS=["-g2"])
-
-    elif env["target"] == "release_debug":
-        if env["optimize"] == "speed":  # optimize for speed (default)
-            env.Prepend(CCFLAGS=["-O2"])
-        elif env["optimize"] == "size":  # optimize for size
-            env.Prepend(CCFLAGS=["-Os"])
-
-        if env["debug_symbols"]:
-            env.Prepend(CCFLAGS=["-g2"])
-
-    elif env["target"] == "debug":
-        env.Prepend(CCFLAGS=["-g3"])
+    if env.dev_build:
+        # This is needed for our crash handler to work properly.
+        # gdb works fine without it though, so maybe our crash handler could too.
         env.Append(LINKFLAGS=["-rdynamic"])
 
     # CPU architecture flags.
@@ -383,7 +364,7 @@ def configure(env):
     if env["execinfo"]:
         env.Append(LIBS=["execinfo"])
 
-    if not env["tools"]:
+    if not env.editor_build:
         import subprocess
         import re
 
diff --git a/platform/macos/detect.py b/platform/macos/detect.py
index 58d9c0e99fa..58d209cc7b6 100644
--- a/platform/macos/detect.py
+++ b/platform/macos/detect.py
@@ -27,8 +27,6 @@ def get_opts():
         ("MACOS_SDK_PATH", "Path to the macOS SDK", ""),
         ("vulkan_sdk_path", "Path to the Vulkan SDK", ""),
         EnumVariable("macports_clang", "Build using Clang from MacPorts", "no", ("no", "5.0", "devel")),
-        BoolVariable("debug_symbols", "Add debugging symbols to release/release_debug builds", True),
-        BoolVariable("separate_debug_symbols", "Create a separate file containing debugging symbols", False),
         BoolVariable("use_ubsan", "Use LLVM/GCC compiler undefined behavior sanitizer (UBSAN)", False),
         BoolVariable("use_asan", "Use LLVM/GCC compiler address sanitizer (ASAN)", False),
         BoolVariable("use_tsan", "Use LLVM/GCC compiler thread sanitizer (TSAN)", False),
@@ -86,27 +84,10 @@ def configure(env):
 
     ## Build type
 
-    if env["target"] == "release":
-        if env["optimize"] == "speed":  # optimize for speed (default)
-            env.Prepend(CCFLAGS=["-O3"])
-        elif env["optimize"] == "size":  # optimize for size
-            env.Prepend(CCFLAGS=["-Os"])
+    if env["target"] == "template_release":
         if env["arch"] != "arm64":
             env.Prepend(CCFLAGS=["-msse2"])
-
-        if env["debug_symbols"]:
-            env.Prepend(CCFLAGS=["-g2"])
-
-    elif env["target"] == "release_debug":
-        if env["optimize"] == "speed":  # optimize for speed (default)
-            env.Prepend(CCFLAGS=["-O2"])
-        elif env["optimize"] == "size":  # optimize for size
-            env.Prepend(CCFLAGS=["-Os"])
-        if env["debug_symbols"]:
-            env.Prepend(CCFLAGS=["-g2"])
-
-    elif env["target"] == "debug":
-        env.Prepend(CCFLAGS=["-g3"])
+    elif env.dev_build:
         env.Prepend(LINKFLAGS=["-Xlinker", "-no_deduplicate"])
 
     ## Compiler configuration
diff --git a/platform/web/detect.py b/platform/web/detect.py
index 9cce73efc47..77921847a88 100644
--- a/platform/web/detect.py
+++ b/platform/web/detect.py
@@ -47,7 +47,7 @@ def get_opts():
 def get_flags():
     return [
         ("arch", "wasm32"),
-        ("tools", False),
+        ("target", "template_debug"),
         ("builtin_pcre2_with_jit", False),
         ("vulkan", False),
         # Use -Os to prioritize optimizing for reduced file size. This is
@@ -77,26 +77,17 @@ def configure(env):
         sys.exit(255)
 
     ## Build type
-    if env["target"].startswith("release"):
-        if env["optimize"] == "size":
-            env.Append(CCFLAGS=["-Os"])
-            env.Append(LINKFLAGS=["-Os"])
-        elif env["optimize"] == "speed":
-            env.Append(CCFLAGS=["-O3"])
-            env.Append(LINKFLAGS=["-O3"])
 
-        if env["target"] == "release_debug":
-            # Retain function names for backtraces at the cost of file size.
-            env.Append(LINKFLAGS=["--profiling-funcs"])
-    else:  # "debug"
-        env.Append(CCFLAGS=["-O1", "-g"])
-        env.Append(LINKFLAGS=["-O1", "-g"])
+    if env.debug_features:
+        # Retain function names for backtraces at the cost of file size.
+        env.Append(LINKFLAGS=["--profiling-funcs"])
+    else:
         env["use_assertions"] = True
 
     if env["use_assertions"]:
         env.Append(LINKFLAGS=["-s", "ASSERTIONS=1"])
 
-    if env["tools"]:
+    if env.editor_build:
         if env["initial_memory"] < 64:
             print('Note: Forcing "initial_memory=64" as it is required for the web editor.')
             env["initial_memory"] = 64
diff --git a/platform/web/emscripten_helpers.py b/platform/web/emscripten_helpers.py
index 6045bc6fbde..ec333978420 100644
--- a/platform/web/emscripten_helpers.py
+++ b/platform/web/emscripten_helpers.py
@@ -38,7 +38,7 @@ def create_engine_file(env, target, source, externs):
 
 
 def create_template_zip(env, js, wasm, worker, side):
-    binary_name = "godot.tools" if env["tools"] else "godot"
+    binary_name = "godot.editor" if env.editor_build else "godot"
     zip_dir = env.Dir("#bin/.web_zip")
     in_files = [
         js,
@@ -58,19 +58,19 @@ def create_template_zip(env, js, wasm, worker, side):
         out_files.append(zip_dir.File(binary_name + ".side.wasm"))
 
     service_worker = "#misc/dist/html/service-worker.js"
-    if env["tools"]:
+    if env.editor_build:
         # HTML
         html = "#misc/dist/html/editor.html"
         cache = [
-            "godot.tools.html",
+            "godot.editor.html",
             "offline.html",
-            "godot.tools.js",
-            "godot.tools.worker.js",
-            "godot.tools.audio.worklet.js",
+            "godot.editor.js",
+            "godot.editor.worker.js",
+            "godot.editor.audio.worklet.js",
             "logo.svg",
             "favicon.png",
         ]
-        opt_cache = ["godot.tools.wasm"]
+        opt_cache = ["godot.editor.wasm"]
         subst_dict = {
             "@GODOT_VERSION@": get_build_version(),
             "@GODOT_NAME@": "GodotEngine",
diff --git a/platform/windows/detect.py b/platform/windows/detect.py
index 095d688213a..b184da49e49 100644
--- a/platform/windows/detect.py
+++ b/platform/windows/detect.py
@@ -173,17 +173,7 @@ def get_opts():
             "Targeted Windows version, >= 0x0601 (Windows 7)",
             "0x0601",
         ),
-        BoolVariable(
-            "debug_symbols",
-            "Add debugging symbols to release/release_debug builds",
-            True,
-        ),
         EnumVariable("windows_subsystem", "Windows subsystem", "gui", ("gui", "console")),
-        BoolVariable(
-            "separate_debug_symbols",
-            "Create a separate file containing debugging symbols",
-            False,
-        ),
         (
             "msvc_version",
             "MSVC version to use. Ignored if VCINSTALLDIR is set in shell env.",
@@ -330,32 +320,12 @@ def setup_mingw(env):
 def configure_msvc(env, vcvars_msvc_config):
     """Configure env to work with MSVC"""
 
-    # Build type
-    if env["target"] == "release":
-        if env["optimize"] == "speed":  # optimize for speed (default)
-            env.Append(CCFLAGS=["/O2"])
-            env.Append(LINKFLAGS=["/OPT:REF"])
-        elif env["optimize"] == "size":  # optimize for size
-            env.Append(CCFLAGS=["/O1"])
-            env.Append(LINKFLAGS=["/OPT:REF"])
+    ## Build type
+
+    # TODO: Re-evaluate the need for this / streamline with common config.
+    if env["target"] == "template_release":
         env.Append(LINKFLAGS=["/ENTRY:mainCRTStartup"])
 
-    elif env["target"] == "release_debug":
-        if env["optimize"] == "speed":  # optimize for speed (default)
-            env.Append(CCFLAGS=["/O2"])
-            env.Append(LINKFLAGS=["/OPT:REF"])
-        elif env["optimize"] == "size":  # optimize for size
-            env.Append(CCFLAGS=["/O1"])
-            env.Append(LINKFLAGS=["/OPT:REF"])
-
-    elif env["target"] == "debug":
-        env.AppendUnique(CCFLAGS=["/Zi", "/FS", "/Od", "/EHsc"])
-        env.Append(LINKFLAGS=["/DEBUG"])
-
-    if env["debug_symbols"]:
-        env.AppendUnique(CCFLAGS=["/Zi", "/FS"])
-        env.AppendUnique(LINKFLAGS=["/DEBUG"])
-
     if env["windows_subsystem"] == "gui":
         env.Append(LINKFLAGS=["/SUBSYSTEM:WINDOWS"])
     else:
@@ -491,31 +461,10 @@ def configure_mingw(env):
     if env["use_llvm"] and not try_cmd("clang --version", env["mingw_prefix"], env["arch"]):
         env["use_llvm"] = False
 
-    if env["target"] == "release":
+    # TODO: Re-evaluate the need for this / streamline with common config.
+    if env["target"] == "template_release":
         env.Append(CCFLAGS=["-msse2"])
-
-        if env["optimize"] == "speed":  # optimize for speed (default)
-            if env["arch"] == "x86_32":
-                env.Append(CCFLAGS=["-O2"])
-            else:
-                env.Append(CCFLAGS=["-O3"])
-        else:  # optimize for size
-            env.Prepend(CCFLAGS=["-Os"])
-
-        if env["debug_symbols"]:
-            env.Prepend(CCFLAGS=["-g2"])
-
-    elif env["target"] == "release_debug":
-        env.Append(CCFLAGS=["-O2"])
-        if env["debug_symbols"]:
-            env.Prepend(CCFLAGS=["-g2"])
-        if env["optimize"] == "speed":  # optimize for speed (default)
-            env.Append(CCFLAGS=["-O2"])
-        else:  # optimize for size
-            env.Prepend(CCFLAGS=["-Os"])
-
-    elif env["target"] == "debug":
-        env.Append(CCFLAGS=["-g3"])
+    elif env.dev_build:
         # Allow big objects. It's supposed not to have drawbacks but seems to break
         # GCC LTO, so enabling for debug builds only (which are not built with LTO
         # and are the only ones with too big objects).