My crude understanding from a Daniels perspective, for what it’s worth:
The mythological “lactate threshold” is the pace at which your body builds up waste products (hydrogen ions, I believe) in your blood appreciably faster than it can be cleared.
The resulting buildup of those water products signals your brain to slow down so that it can clear those waste products.
The goal of racing the marathon is to run as fast as possible without having a material buildup of those waste products. That is, to stay aerobic.
The best way to be able to run faster while staying aerobic is to lower the point at which that appreciable buildup starts to occur. That is, to improve your lactate threshold.
The faster that you run when reaching your lactate threshold, the faster you can run without reaching it.
So Daniels emphasizes heavy amounts of threshold pace, particularly in the form of cruise intervals, as part of his approach to marathons.
And yes, I know that the build up of lactic acid and thus the waste products associated with the use of it for energy production, occurs on a continuum and that there isn’t a single point where all of a sudden it starts accumulating in your body. The point is to slide the entire continuum down to faster paces.