Are you sure you’re talking about fat and not total calories? The whole premise about Zone 2 running vs Zones 3/4 is you really do burn more grams of fat at the lower Zone per minute.
https://cannonbol.com/blog/articles/Achten_%282004%29.pdf?ut...
https://cannonbol.com/blog/articles/Achten_%282004%29.pdf?ut...
But again, yes, in the literal physiological sense, you're right.