1. If you don't have a chest strap to measure heart rate, and you are only using an optical measurement from a watch, then don't take the reading too seriously. You also won't be able to get an accurate measurement during the time of running an 800 like suggested as a test here.
2. According to your 5k PB: if that is your current fitness level, then, according to McMillan's calculator, your easy pace should be 7:15-8:15. So it makes sense that when you feel better, you naturally drop into the 7's. Just run by feel. If your pace is in the 7's that's okay, if it's in the 8's, that's okay too. You shouldn't need to make a conscious decision to force yourself to slow down or speed up on an easy run. Just let the pace be what it will while you run easy. Just run, baby.
3. You are not going to get any aerobic benefit from forcing yourself to slow down. You will have trouble recovering if you are lying to yourself about what feels easy and running too fast. However, depending on how you feel on any given day, your easy pace could be 7:15-8:15. According to McMillan, your recovery jog pace (within a day after a hard workout) could be 8:20-9:00.
(Note: My comments reference:
https://www.mcmillanrunning.com/
, which I have found to be pretty helpful.)