From Joe Friel's blog. Here's the takeaway:
So what are the lessons we can learn from this study? The first is that the response to any training program varies considerably between individuals. In sport science this is referred to as the “principle of individuality.” In this example, some of the athletes responded well to high volume, others to high intensity.
Another lesson is that training the same way year after year produces about the same results. Something needs to change to improve. Should the change be in volume or high intensity? That’s a hard question to answer without knowing more about the individual. But, in general, the newer you are to your sport, the more likely you are to respond better to volume increases. Experienced athletes, those who have been in their sport for several years (perhaps more than 3 years), will usually respond better to increases in the volume of intensity done at or above lactate threshold.
Determining how to train is often a matter of trial and error. If you aren’t responding well to your workout program, it may be that you need more total training volume or more high-intensity efforts. Of course, there could be other issues, such as making your easy days too hard, inconsistent training, significant psychological stress in your life, poor nutrition, inadequate recovery, and so on. But if you can eliminate such training detractors as these, then the biggest remaining variable is the periodization of your volume and intensity. The only way to find out for sure is to try something different from what you’ve done in previous years and see what happens.