Actually, I believe the 7:08.0 is a converted mark. If it is, the 7:08.0 isn't "intrinsically" superior to ASU's 7:08.96, but it is, through mathematical gymnastics, extrinsically superior.
A tangential point is that the HS federations that don't recognize the intrinsically superior two-mile records as 3200 records, are the same people who are teaching the future generation. Scary.