I would like to know the best approach on how to edit frontend/rwd/default/template/catalog/product/view.phtml
?
Is it possible that I don't touch this?
on the configuration "rwd" is set as a default theme
Simply create your own theme inside "rwd"
Lest say you call it mytheme. So your folder should be
rwd/mytheme/layout
rwd/mytheme/template
and in skin
rwd/mytheme/css
rwd/mytheme/js
rwd/mytheme/images
Now go to System > Configuration > Design > Theme
section and save all field with mytheme in it.
Now simply copy any file from rwd/default or even from base to this folder in same folder structure, it should work.