My exercise is a game called Turf. Mostly played in Sweden where there are a lot of zones close by. I bike quite relaxed for 1-4 minuts and stand still for 20 seconds in the zone, then repeat until next zone. It's a bit harder during winter with all the snow though. I have done nothing to my diet and lost about 20 kilo the last year. The GPS says I traveled about 3500 km the last year at my slow pace.
I try to have a 500 calorie deficit. If I have more than about 500 (say 1000) Im fine that day, but the next day Im ravenous and tend to overeat.
Drank a few cans of seltzer and wound up staying up doing emails and chores until 2am. Woke up at 9am today and I'm feeling a bit hungry at 11:20am, but even if I eat something now, it will be a net negative compared to what I would have eaten last night.
If I ride a bike for 3 hours, I feel like I could eat a horse.
On my swim-days I have no problem with a late breakfast leading me to be able to skip lunch and enjoy my dinner.
But I have no other insight as my own experience.
There where plenty of old jokes about lumberjack breakfasts and people eating skills tall stacks of pancakes. These guys weren’t trying to gain or lose weight just keep going for another day of hard labor, but when you start talking 6-8,000 calories per day it’s an insane amount of food.
Also, some of the feedback mechanisms involved are quiet slow and can take weeks to kick in. Your body doesn’t need to balance things every day as gaining or losing significant weight takes time.
My 2 cents theory is that it suppress the "stress induced" appetite.
It's easy to experience, although it can take longer for lipolysis to start if you're not used to. Of course, eating sugar during or before exercise delays it.
And that additional eating is not a bad thing either. It is body needing supply to build muscles. For most beginners, that is a good thing.
This is also a oft-made claim that doesn't have much backing. Part of the point of the research described in TFA is that humans who face specific periods of energy expenditure during the day may often simply reduce energy expenditure during the rest of the day so that TEE remains roughly constant.
I know many endurance athletes (having been one) who would report that some levels of exercise actually result in appetite suppression.