Shorty, I generaly like to refer people to these charts:

This is a graphic to show how you should balance your training according to your race goals. Notice that if your race distance will have you completing it in ~20 minutes, that you’ll want a healthy mix of speed, v02max, and threshold training. The longer your goal race is, the more important endurance and threshold running becomes and the less important speed at V02max become.
I have since made some midifications to this concept, mainly being that the times shown above should be doubled for triathlon training. ie…an Oly that has you completing the run in 50 minutes should be treated like a stand alone race that is 1:40 (so you’d use 1:40 on the chart above).
Here is a table to give some more concrete numbers:

Assuming the run portion of the half would take you around 2 hours, I’d recommend ~1.5% of your total traininf distance to be v02max while 6.3% would be threshold training, and very very little speed.
These are ball park figured and the math gets a little confusing for most people. However, it looks like the workout provided above is doing exactly that for you. It is provided a good bit of threshold training with just the right mix of V02max training in the middle of it. I have never tried that workout before, but it looks like a good way to kill two birds with one stone.
Jack Daniels’ first book advocating doing tempo runs right at MLSS (1 hour race pace). Since that book came out the message boards lit up about his philosophy of training at that pace and no slower or faster. He had answered many questions and eventually came out with a second edition addressing the point.
For all intents and purposes, the training should be done in that zone AND a little faster AND a little slower. At most levels of running a 20 minute tempo run will yield similar results to a 60 minute run done at marathon pace.
In my personal opinion, for HIM training, I prefer doing 60 minute MP runs over 20 minute tempo runs since the end result is similar, but the MP runs are a little more event specific. Having said that, I will still do some 20 minute tempos (maybe once every 3 weeks I’ll replace the longer one). The workout shown above is another one I’ll throw in occasionally to mix in just a little bit of intensity. To be honest, though, I did them as 80 sec at 5K pace followed by 100 sec at MP, which is a little easier than what is prescribed above. I’d never done it for more than 4 miles which is 24 minutes.
So, to answer your question:
- yes - it is a good HIM workout, but may be a little too intense
- I personally recommend alternating in 60 minute MP runs as well as 20 minute tempos.