Yes, you can use potting soil. I will share my own experience since a lot of it predates my time here and it isn't the focus of my journal.
I did my first two tanks with potting soil (or a very similar product) in a manner similar to that video. I don't remember exactly which Miracle Grow organic product I used, but I know it was primarily "composted forest products"/bark mulch with a small amount of organic amendments. I want to say it was labeled as something for raised beds and if you looked on the back of the bag it was essentially the same as their potting mix, but without perlite. I added a small amount of my native iron-rich clay (aka stuff dug out of my yard) and a little horticultural lime for Mg and Ca.
I'll give you some snapshots of how those tanks have changed over time, but please keep in mind that I was a rank beginner and not really trying to "aquascape" in any fashion. These aren't award-winning show pieces, but I hope the photos demonstrate continued substrate performance over time. I have tried lot of different stuff over the years, but the substrate hasn't been changed. They are low maintenance tanks, incredibly stable, and my 20 gallon long is actually better at growing stuff than
Biding Time (though it basically doesn't have a layout at this point).
Here's my 20 gallon long, set up in April 2020 (yes, it's a COVID tank).
Sept 2020, 5 months old
March 2021, 11 months old
August 2022, over 2 years old
April 2024, 4 years old
And here's my 5 gallon kitchen tank, set up May 2020
*I did have a disastrous start with this one where I tried to go without a filter. These pictures start with the rescape, but the substrate was not changed.
September 2020, right after the rescape
June 2021, 9 months from rescape, the substrate is just over a year old
May 2022
December 2023
I would not do it this way again, but honestly it wasn't a bad way to go, especially as a beginner who was reluctant to invest a lot of money in a new hobby. Even though this mix was almost entirely organic material, I didn't find it that difficult to manage* and four years later the substrate is still functioning great. I don't think bark mulch really breaks down that fast, so it's not as "hot" as many other organic materials, so there wasn't a huge dump of carbon and nutrients right at the beginning and whatever material that remains is now home to lots of bacteria whose respiration I rely on for CO2. It was messy at the beginning to plant and uproot stuff, but not impossible (I have removed rampant vallisneria from one tank and dwarf sag from
both and lived to tell the tale), and 4 years on it's a lot less of an issue.
Edited to add: I think I had better results with potting soil than non-ADA aquasoil, Biding Time just looks better because I had a lot more experience. For my next tank, I'm strongly considering going back to a capped, dirted tank, but I'm not going to go entirely with organic material because I want to build up some depth.