The altitude factor wrote:
There's no one on the plannet [sic] running PR's from 800m and up at altitude.
I just mentioned two prominent examples -- Olympic gold medalists at 800 and 1500 who both set lifetime PRs (one of which was a world record) at a much higher altitude than that of Bozeman, Montana, and who both ran many slower races at sea level. Of course, many other runners set PRs at a wide range of altitudes; whether they would run faster at sea-level or below is a different matter, but the precise optimal altitude will not be the same for all runners at all distances.
People who insist that a certain increase in altitude necessarily slows times in middle-distance races by some certain amount, and purport to come up with "equivalent" sea-level performances, do so against substantial evidence to the contrary. Some of those people are simply ignorant about the complexities and trade-offs in running middle-distance races at various altitudes; others, however, should know better. For example, Tim Noakes, in his well-known doorstop "Lore of Running," states that, in winning the 1500 in Mexico City at 2200m altitude, "Keino ran the equivalent of a 3:42 mile at sea level." Keino, however, never came within ten seconds of a 3:42 mile at sea level, and nobody in the 42+ years since that performance -- including many much faster milers than Keino -- has managed to run that purported sea-level "equivalent," either. So in what sense can Keino's performance reasonably be considered the "equivalent" of a 3:42 mile at sea level? Proclaiming Keino's indisputably great performance to be the equivalent of a 3:42 sea-level mile is letting hyperbolic story-telling (a common malady among sports fans) get in the way of good science.
So what's a 3:59:++ in Bozeman worth at sea level? Who knows? For someone who is not acclimated to 5,000 feet (which, by the way, is generally considered by physiologists to be at the low end of "moderate" or "medium" altitude, not "high" altitude), it could signal a fitness level of several seconds faster, although there can be significant differences among unacclimated runners reflecting, for example, differences in running economy (which generally increases as altitude increases). For someone like Keino, however, it may signal nothing significantly better than a 3:59:++ at sea level.