I guess on most things, TR, it seems we are destined to disagree - but thats not to say that I think you are wrong, there are plenty of ways to skin a cat!
For me, again, I would think it a bit of a waste of money to race, if I couldnt race properly. I would run 10 - 13.1 miles on tired legs in training, sure, but I wouldnt pay for the privilage! I know people talk a lot about running on tired legs, the day after a long bike, and how this mimics the IM, but again, IMO (which, when it comes down to it, may be worth precisely squat) in an IM, you are dealing with acute fatigue, from what you've been doing the previous 6 hours or so. The day after a hard session, you have chronic fatigue, and it is different and as such, you dont get as much benefit from those back-to-back sessions as some people make out. Personally, I prefer to seperate my long bike and run by a couple of days, because I feel I get better training from them that way, but I know this isnt possible for everyone, so ultimately, you do what works for you.
I guess overall, i just think you ought to know WHY you are doing a session, and that includes in relation to other sessions.
Even I am now bored of the sound of my own typing, so I shall be quiet now.