This is kinda what Ben Greenfield says, a trainer who competes in triathlon competitions. He's a big advocate of the keto diet - or the "keto-ish" diet - and reckons that the fat-adapted state you talk about is ideal for lower intensity, longer duration events like that.
Greenfield was a subject in Volek's FASTER study that was discussed in the article that I linked.
Being fat adapted does not mean you cannot eat carbs. It is a matter of what, when and how much. On a long ride (more than 10 hours), I will usually not eat anything for breakfast except a coffee. So, I start the ride burning fat (low insulin and blood sugar levels). I won't start eating on the bike until about an hour into it and I do consume carbs but a lot less than the average riders. I stay in nutritional ketosis. Granted I am riding fairly slow. My pace on long rides is only 21-22 mph but when fit, I can maintain this for 24 hours eating a bit less than 200 calories per hour. I am also not young. I estimate that 75% of my energy comes from fat at these power levels (around 210 watts). It is a fool's errand not to have glycogen to burn. I don't understand some Keto dieters who eat only fat on the bike. I burn my own and supplement just enough carbs to not cause an insulin spike. It just makes fueling a lot easier especially when it is hot. I was in an event and for logistical reasons, I did not have access to food (other than 4 bottles with my stuff in it) for like 447 KM. If i was not fat adapted, I would have been toast. I finished the 1230 KM ride w/o sleep although when I did get food, all the rules went out the window.