As other posters have said, it depends.
What's your distance? I realize we're talking track here, but I think it's a mistake to lump 5k and 10k together. They are very different events.
What's your muscle fiber distribution? A fast twitch (relative to the event) runner cannot handle three hard efforts per week, and it's even more important to ensure that the long run isn't taking away from the track sessions. But even a fast twitch runner can benefit from strength side training. Typically a FT runner who does a faster long run will do a shorter total distance.
How experienced is the runner? A younger runner will likely have less emphasis on the hard long run, for two reasons. First, a more experienced runner rarely has much room for improvement on the speed side, whereas the younger runner can keep pushing that ceiling up a bit more. Second, the younger runner doesn't have the muscoloskeletal adaptations (which take a LONG time) to tolerate high volume intensity.
And the big one is periodization. Where in your training cycle are you putting these workouts? A 10k runner absolutely should not be hammering long runs 6 weeks out from a peak competition. But at 12 weeks out, those hard long runs can be great support for doing really hard specific work later. A really good (by which I mean experienced and well trained, not necessarily fast) 10k runner can do 9 x mile at 10k pace on 90 seconds recovery. If you don't have long, hard runs in your legs, you're not likely to hold the pace in the last three reps.
Contrary to what a lot of people believe, when a 10k runner falls off the pace in the second half of a race, it's usually not because they've used too much of their anaerobic reserves. If you're running a 10k at 95% of VO2max, you will fall off the pace before halfway. If you fall off the pace later than that, it's usually muscular endurance that's stopping you. Or, relatedly, you've exhausted your better trained muscle fibers and are now relying on your "bench," which hasn't been fully developed if you don't have enough high volume workouts. If we put such an athlete in a lab, we'd probably see that their oxygen consumption starts to decrease as pace stays steady (inferior capillarization, fewer/smaller mitochondria, fewer enzymes -- it all means that you can't pull as much oxygen out of the blood into working muscles), indicating that anaerobic metabolism is picking up more of the slack. This quickly makes the pace unsustainable.
Another way of looking at it is this: Assume the well trained athlete is going to run a 10k at 92-93% of VO2max. A lot of people mistakenly focus too much on getting the VO2max high, thinking that they can take for granted that the athlete will hold the appropriate 92%. But without adequate strength side work, which NORMALLY should include some fast long runs, you might only be able to muster 88-90%, at least as an average. In practice, you'll start at 92% and then fall off. For an experienced runner, most of the room for improvement is in pushing up the percentage of VO2max that you can hold for the race distance, not improving the VO2max itself. That means more strength-side work.