Volume is important, but consistency is king. That’s why an athlete that consistently trains throughout the week will end up ahead of the weekend warrior who puts in big days sat/Sunday, but adds nothing to the bank on the week days.
Plus recovery is a key component and it is more realistic to recover from shorter sessions, even if it has a high training stimulus, vs getting crushed on a big objective and needing an extended time to recover. Yes, the big objective may be the prize you are working to, but generally it shouldn’t be the training stimulus. Of an athlete can handle long Z2 day, that’s good and many of the plans have 3-4 hr Z2 work on weekends, but that’s in addition to Z2, Z1, and strength work during the week.
Hope that helps.