Sometimes, replacing an existing video with a new one can be needed so that the external facing link does not need to be changed.
Currently, we do not support videoID replacement. But, there is a but.
While there is no way to replace or update one videoID with another, there is a workaround that you could use to minimize disruption to your end-users.
To do this:
Create a front-end page to embed the video in an iframe.
When you want to display another video, update the video in the iframe without changing the front-end page link.