This pertains to my novel, TLD.
Unedited work is essentially when I've re-read the chapter a few times and finished the next chapter. I will take out small errors I catch and inconsistencies that I notice rightaway, but the downsides are that chapters may have some repetition until I've finished much more and done major editing; there may be painful inconsistencies. Unedited isn't entirely accurate, but rough in the big picture.
Edited work will take longer because I not only capture the small errors, but wait until I'm more than a couple chapters ahead and have re-written everything to fit, in case of inconsistencies, character changes, plot changes that influence earlier chapters, etc. Edited work would be more likely to have parts SPECIFICALLY removed or fragmented excerpts so that I avoid having my work plagiarized if someone comes along.
There are other pros and cons for me for either side but.. dunno.