While messing around with heart rate to power and speed to power (on a turbo) calculations, (in this thread:
https://yacf.co.uk/forum/index.php?topic=74756.0) I realised that instead of doing all this I could just use speed to train (on the turbo). The response of my turbo (an Elite Powermag) is so linear, with respect to power vs speed, that if I am doing x km/h on the turbo, I know I am doing y watts.
So, instead of using lactate threshold heart rate or functional threshold power, I think you should be able to use function threshold speed. This is probably not an original idea. The process would go something like this:
Set up the turbo trainer so that the rear tyre is pumped up to a certain PSI (I use 100).
Set the resistance level to something that will let you do your maximum pace over 30 minutes without spinning out.
Always use this PSI and resistance level when future training.
Do the 30 minute threshold test - 20 minutes warm up, 30 minutes at a pace you can sustain over the 30 minutes.
Record the speed over the last 20 minutes.
Your functional threshold speed is 95% of the average speed over the 20 minutes.
You can then just plug in your speed into one of the many online power zone calculators and use these zones for training on the turbo.
Much cheaper than a power meter!