Lydiard had his athletes run around 100 miles per week and run the long runs including the 22 miler steady, not slow.
LSD means Long Steady Distance. He prescribed the occassional long slow runs for a very specific purpose, but generally speaking it was strong in pace.
Now I can't say (maybe HRE or Kim Stevenson or someone wants to answer) if the change of the perception of shorter runs and workouts were part of the reason for running long.
I do know that he had the athletes maximize their aerobic capacity through running 3 long runs per week during the marathon phase and that was the primary purpose:
Capillarization, grow the heart, mitochondria development...etc. Perhaps the next reason was the adaptation of using stored glycogen.
Muscular strength and coordination came later, that was not tackled during the aerobic phase so much. It was about becoming stacked with stamina.
So when you raced an event, you had the aerobic capacity to run strong and in middle distance events, you had something left to finish with a sprint, while athletes who were not as aerobically conditioned began to tie up.
These are not 'perception' oriented benefits, but real cardio-vascular strength benefits.