But the intensity of the off periods is so low that your VO2, cardiac output, etc., fall too far, meaning that even though you're at VO2max
power during the on periods, you're not at, or even really very near, VO2max itself.
Only if you go hard enough during the "off" periods, which you only seem to do at the very end of your build-up.
The switch from 30/30s to 40/20s will have a much larger impact (as I'm sure your sensations tell you).
But as you said, your heart rate only rises to that you associate with OBLA, not to that associated with VO2max. Moreover, as Billat's own data show just because heart rate or even VO2 are high/near maximal doesn't necessarily mean that cardiac output itself is.
(Segue into a little hypothesizing...)
Those who have studied exercise physiology are undoubtly familiar with this classic study:
http://www.ncbi.nlm.nih.gov/entrez/...t_uids=838658&query_hl=14&itool=pubmed_docsum
As you might imagine, the training program used in this experiment became the de facto standard in Holloszy's lab. Also as you might imagine, however, there may have been some unplanned/unrecognized changes in the specific protocol over time, as old post-docs moved on, new ones started, things got lost in translation/in the hand-me-down process, etc. With that and the study of Billat's showing that drifting up to VO2max doesn't elicit maximal cardiac output in mind, I find the following two observations that I've made rather intriguing:
1) we were never able to quite replicate the magnitude of the increase in VO2max found in the original study, and
2) during a visit back to UT-Austin after I'd graduated, I once watched Ed Coyle (who overlapped Bob Hickson in Holloszy's lab) doing 6 x 5 min intervals on the ergometer in the lab. Unlike the isopower approach that we always used, he did each one like a mini-VO2max test, incrementing the power throughout the 5 min (actually, he and another colleague were training side-by-side, and would take turns turning up each other's power...sort of a "oh yeah? well, take THAT!" running battle).
So the question is: do you get a larger increase in VO2max by repeatedly driving
cardiac output as high as it can go (by increasing the power above the
minimum that will elicit VO2max), versus "just" spending time at/near VO2max??