I have a HRM pro paired with my fenix 7 and have it set to provide pace always. I've noticed that when I run I might be running at 8:30min/mile according to the pace field on the watch, but the lap notification will report lap average of 9:00 min/mile.
The run summary will also show the 9:00 pace and splits despite the instantaneous pace always being around 8:30.
I have worn the HRM pro for about 400 miles of run with the "auto-calibrate" enabled.
Why the discrepancy?