The TextTool link in the unlocked MED won't work if you don't have the TextTool installed on your system. My experience with the TextTool is that it's too complicated. You cannot edit existing .bin files with it, so it's a lot like how the MED edits .mis files and only exports .bms files, TextTool edits .rc files and can only export .bin files.
If you want to work directly on .bin files, search around for the NovaSheep BinEditor. When I make .bin files, that's what I use.
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