Dropping down to 18, 15 or even 10 spm and you can pull hard strokes but keep your heart at 70%. You'll feel like your muscles had a good workout at the same time as conditioning your lungs.
The question is, how low to rate and how hard to pull? That's where Joules per Stroke comes in.
The point of this metric is to help you understand how hard your strokes are.
I made a table where you can read off J/str from your speed and spm. For example the classic 7 min 2k of 1:45 r30 requires 600 J/str.
Look down that 600 column and you will see for example that at rate 15 a speed of 2:13 would require the same strength of pull for each stroke. If you can stay in UT2 at that pace then there you go. If not, experiment to find the rate that suits your UT2 from that 600 column. Then you if you can get used to pulling strokes that are the same strength as your target 2k pace.
You are probably in a different column: I found a video of Ollie Zeidler on his machine doing what appeared to be a steady state (hardly breathing or sweating) of 1:48 r19 which from the table you will see is about 900 J/str. This happens to match a 2k erg test I also found of his which was 1:26 r36 which you will see is also about 900J/str.
The formula I used is:
W = J/s = str/s x J/str
=> J/str = W / str/s
Where W = 2.8 / pace cubed
So if you have 1:45r30 that is s=45, m=1, spm=30
J/Str=(2.8/(((s+(m×60))/500)^3))/(spm/60)
NOTE: Set damper on 1 when trying 10 spm (as the flywheel slows down so much each stroke is almost like a racing start ie tough on your joints at normal damper settings ...)
I'm still not sure how useful this is, but I found it interesting and hope you will too.