In revision workshops, I ask writers to revise before they edit. Revision may reorganize the argument; editing deals with sentences and correctness. Combining them often means spending time on sentences that will later be deleted.
The distinction that matters is between higher-order and lower-order concerns. Ask whether the argument holds before cleaning the citations. This feels inefficient when you are tired of a draft and want to fix something quickly. Over the course of a writing project, it saves time.
One of the most useful revision tools is the reverse outline. After writing a draft, describe what each paragraph actually does in one sentence. The resulting outline shows whether paragraphs are out of order, doing too many things, or leaving a gap in the logic. Most people outline before they write. The Reverse outline is for after, when there is real text to evaluate.
Revision can stop when a colleague can accurately summarize the argument, when the same small word changes begin to repeat, or when only lower-order concerns remain. At that point, the draft is doing its job.