Let's say that I am a 22 y/o post-collegian with aspirations of dramatic improvement over the next 10 years. I have complete freedom; I can race when I want, where I want. I just have to get better.
Should I still follow the scholastic competition model of peaking twice a year: once in November and once in May or June? To me, it seems like peaking, while beneficial to performance in the short-term, only hinders long-term performance. ie, to peak, you have to spend a month tapering your mileage, and then like another 1-2 months building your mileage back to where it was in the first place. Whereas, if you don't peak, you can just keep your mileage high all year, and just take a "down week" every 4 weeks to prevent burnout.
In other words, it seems like if you don't peak you train much more efficiently. There's no point in peaking until you get to the point where you are strong enough that peaking will actually lead you to your goal.
Anticipated counterarguments and refutations:
1) Peaking and running a big PR is good for motivation.
Answer: f$#*@ that. I have plenty of motivation.
2) You need to learn what peaking formulae work for you, so that when the time comes when you really need to perform you'll be ready for it.
Answer: The minor gains you can make from an optimally designed peaking formula versus a less-than-optimally designed one are minute compared to the major gains you can make from becoming the strongest you can possibly be. ie, sure, many 31:00 10k guys might run 30:50 if they knew exactly how to peak. But if they just got off their asses and got stronger, they'd be running 29:10.