A couple of quick points:
Having your heart rate in the right range during a tempo effort is an indicator that you are running around the right pace, but it is not the goal of a tempo effort - accumulating and learning to clear the waste products associated with burning lactic acid as a fuel source, which happens at around that goal heart rate is. So while maintaining that heart rate for as long as possible is a worthwhile way of measuring what you are doing, it is not the goal.
And your heart rate actually drops down during the breaks in cruise intervals and then climbs back up during the first minute or so of the subsequent cruise interval, so you don't quite get the amount of added time at that goal heart rate that you are suggesting, although you do get almost that much time with the accumulation of waste products in your muscles, particularly if you are not moving much during those rest periods and thus not clearing the waste products that accumulated during the cruise interval.
But yes, your overall point is correct - cruise intervals can be used to increase the overall volume of work done at LT pace in any given session because the short breaks allow you to recover just enough to handle the additional volume. And yes, the 20 minute tempo runs also add a mental toughness factor to go along with the adaptation. That is why I try to use a combination of both straight tempo runs and cruise intervals over the course of a training cycle.
Sorry if those first couple of paragraphs come across as pedantic - that is not my intent, but I thought it would be worthwhile to explain my view of how it all works (which is based on my readings of Daniels and some others). If I am wrong about any of the above, it will also give a chance for a healthy and meaningful discussion.