I'm afraid the answer could be yes.
Aside the problem of HR monitoring (...) I realised that my "default" HR FC max, calculated for me by Garmin, is 173.
When I run quickly effectively my FR235 indicates 173 bpm max.
But if I modify my characteristic FC max and I push it to 183 (tested pushing my HR with a BT cardiofreq.), my FR235 gives me higher values of FC max if I run quickly.
So the question is, does HR really monitor my cardio freq, or does it interpolate datas with GPS pace?
Garmin, can you answer this?
Thanks