Pantman,
You are getting confused with base training and sharpening (periodising). This is similar to what you have stated, ie, building an aerobic base by doing all running aerobically over *relatively* high mileage for most of your training time, then replacing it with more and more speedwork, but less milage over an 8week period before a race to sharpen. The theory is that after 8weeks of sharpening, you will peak and remain at peak for 3-6weeks depending on whether you are a short or long swing athlete. Although not many "us mere mortal athletes" take the long periods between racing required for proper implementation of base training and sharpening.
So what you are saying has nothing to do with burning fat. Mark Allen was not doing things that way to burn fat! He was practicing basing and sharpening. Yes, he will learn to burn fat more efficiently at an aerobic pace. But my point is that when you get to the sharpening phase, you can only remain there for a matter of weeks, after that, you must revert back to aerobic training.
The original question was not about speed, it was about burning fat. I think for fat burning and general fitness, a good all round mixture with most of the training being done aerobically, but with a couple of hard sessions a week, with some weight training is probably the best thing to do for weight loss for most people