Excellent question. I have been studying this for the last 10 years or so. There for sure bigger experts than me, just I know a bit about this. I think the main source of confusion comes from different people being different. So theoretically if you are training and your HR/avg power is increasing then you are achieving the primary goal and the rest does not matter. But there are many values that can be achieved from “zone 2.” First let’s be clear “Zone 2” is not Zone 2, just a nice name for it.
Benefits or potential desired benefits of "Zone 2"
- Aerobic improvement
a) Improves mitochondria
- Become a much better fat burner
- Minimum stress on the body (allows more training)
- Improved health (longer discussion)
- A solid part of periodization that improves seasonal gains, giving a rest period
- A solid base allowing more intensity with less risk and downsides
- Improves work capacity (the amount of effort you can do in a week)
So when talking about this “Zone 2” you have to understand which of these benefits you are shooting for. Most people are thinking primarily about #1. In this case it’s possible you could do sweet spot or threshold workouts and see benefits, even vo2max might show improvement in HR/power…
Now the down side is at these higher intensities the aerobic improvement will likely end much sooner and result in a lower maximum benefit. If you nail your Zone 2 right you may see continued improvement for a long period of time. If you do zone 2 for a long time eventually you could get to the point that you can do sweet spot power zone at closer to a zone 2 heart rate so you can go fast for a very long time with little pain.
I would argue #2 might be the biggest benefit and bring all the other benefits with it.
So all that said I did not really answer your question
I will slightly answer your question now and answer it in more detail later.
Most experts like to associated this Zone 2 limit with AeT (aerobic threshold). That can be 65% in some people and might be 82% in others (I am not sure the maximum). So 82% has nothing to do with zone 2 heart rate. Seilers 3 zone model in this case is a better definition and let’s call it upper zone 1. Zone 2 is a convenient and now “standardized” name and roughly equates to where you should be training.
So when hearing the experts talking there is a disagreement of what AeT feels like or how to measure it outside the lab. I believe this is because it feels very different in a pro or elite vs a beginner. Maffetone was the first one to really bring low heart rate “zone 2” to the mainstream.
Maffetone mostly had runners and triathletes, and that is who mostly got excited about it, because they become desprate for a solution to their over training problems (less of a problem in cycling). Still I and many others believe Maffetone is still THE EXPERT when it comes to understanding average people (as well as top endurance athletes), in regards to low heart rate training. Low HR training gets a bad name because it sounds so slow, Zone 2 sounds a little faster and less scary 
So Maffetone has had hundreds of thousands of followers using or that used his program and I would guess 90% see the benefits (following all his groups for a long time). His HR limit is based on the 180 formula. You can google it Maffetone 180. For most people it seems to come around 65% of max HR but you could just use his foruma as long as you are not approaching or over 65 years old, where his formula stops working.
The main point Maffetone makes is that it is better to start on the low side of your AeT rather than risk it by going over. Going over can slow progress drastically. Being under your limit seems to have no negatives other than you have to run/ride so dam slow in the beginning, uphill you might even have to walk or get passed by the walkers… slight exaggeration. Finding a good route or doing z2 indoors makes it much easier.
Anyway that’s a quick summary. I will try to respond in more detail 