I have that exact same watch...it's a triathlon focused watch as well. The gps tracks my distances and times me and it keeps a log on line if my training, how fast I ran my 5ks and 10ks...etc.this way I gage my progress as I prep for a race, it also calculates the calories I burn. For me having heart rate was good as my triathlon training was heart rate based. It also helped gage myself in races so I didn't blow out. For spinning and stuff indoors it's not much use unless you're prepping for a race or something and want to gage your improvement..etc