No and yes.
For one, you cannot magically pull out more information from the video you have. On the other hand side, you can try to use NVIDIA's AI-Upscaling, which works fine on documentaries and nature, but it turns humans into horrible creatures. The Ai practically guesses what information is hidden between the pixels, so it's not 100% accurate.
You can do either method.
Take up less file space.
Files are already cut.
Long continuous shot
Easier method when shooting, but more work in post.
Easier to sync a continuous audio stream such as from an external mic.