In reply to MikeR:
I'm usually training for ultras and also relatively new (despite being nearly 60) to using HRM as a tool. First issue was determining max HR, which I achieved using a chest monitor rather than wrist-based in the first instance. Thereafter, and being lazy, I let Strava do the rest.
However, having for a long time worked off perceived effort, I soon found subsequently that PE and HR matched up pretty well.
I terms of 80:20, for decades I have always valued long days out hill-walking as 'base miles'.
Being based in the SW, a full day out (8-12 hours or more) on the coast path or the moors, carrying a normal day pack will see me in zones 1 & 2 most of the time and more importantly gets the body used to long steady efforts and feet/legs used to being out all day.
In terms of short training runs (under 10 miles) and again I'm mostly on hilly trails, its hard to stay within z2 without being painfully slow, so I don't bother! I go back to PE and lo and behold I know when I'm in z3 and z4. For longer training runs and events, I'll make the effort to stay roughly z2/z3 (mostly based on PE, but I will look at data then and now). Half-marathon seems a middle ground for me, so to achieve target time of around 1:40 I'll be working pretty hard, mostly z3/z4.
I don't claim any expertise in this, just my personal observations of my own performance and what seems to work for me.
N