Using Flash to navigate a video timeline

Hello,

I’ve produced a 1080p “step-by-step” video for someone and they now want to add an interactive element to it.

Essentially I’m going to want a menu system at the beginning that has several options.

As a couple of examples:

I’ll need one option to play the whole video from start to finish.
One option to play just steps 1-7 before returning to the selection menu.
One option to play steps 1-8, then 27-32 straight after, before returning to the selection menu.

Is there a way that I can do this with ActionScript? Or would it be more straightforward to just re-cut the video into different clips and then tell the buttons to “play clip 1” or “play clip 2”?

Thanks in advance!