In addition to knowing where my HR should be for a given duration I know what my average speed should be over that duration on a fluid trainer. Doing this is second best to using a power meter to provide your average power output, as it should take the same power from one interval to the next to maintain the same average speed. I also use this to determine how prepared I am to complete an interval, for example my average HR over my 20 min interval on my trainer is 167-168bpm and my average speed is around 24.3mph, if I am at 169bpm and am not able to hit 24.2mph it is best to scrap the effort and allow for a longer recovery before I give it another go.....My speed vs. your speed is meaningless even using the same trainer, it is all about your speed on the specific trainer you use..
You can always find some relation to power training zones and HR training zones and basically do the same workouts using HR, however there are a couple of things to remember:
-HR is always a bit delayed meaning that it will take around 30 seconds for your HR to reflect the power effort, both increasing and decreasing power.
-HR and PE will not pick up if you are over training or are not in the right form to complete the effort, this is where knowing what speed you should be at on the trainer comes in handy.
-HR and PE will not pick up some environmental aspects such as temperature, hydration, etc., again this is where knowing what speed you should be putting out will come in handy..
With regards to the actual TT knowing your HR is important, just keep in mind that your effort will take time to reflect in your HR, so start easy and let your HR climb and stabilize then evaluate what more you can put out (if you are evaluating how much less you should be putting out you started to hard). If you are holding your threshold HR and still feel good at the halfway point of the TT increase your effort a bit and reevaluate how you feel. The last 1/4 to 1/8 of your TT, especially a short TT don't be afraid to really increase your effort and really focus on PE, as sometimes you will be able to hold a higher HR in a race than in a training effort. After the TT look at your average, if it is higher than your training HR over the same duration then use this for the next TT effort. This is not as ideal as having a wattage to focus on, but if you are like me and most others who don't have the $ for a PM then it is as good as it gets.....