No toeclips? You’re wasting a whole bunch of efficiency there. By using your upstroke you can gain much more power.

Power, maybe. Efficiency, no. You use energy when pulling the pedal up with your leg, energy you wouldn't otherwise use if you were just coasting with it on the up swing. Not knowing anything about anatomy and muscular dynamics, but it might actually be less efficient since the muscles in the human leg aren't meant to pull up loads other than its own weight under any evolutionary circumstances.

Anyway I use the heavy military bicycles to offset my otherwise sedentary lifestyle, so maximizing efficiency would mean I wouldn't get the same exercise as before. In fact I don't understand some cyclists with their over thousand euro super bikes with gazillion gears and carbon fiber frames. Surely if you want to get fit and be 'sporty' you should pick the heaviest bicycle you can possible peddle with? And the speeds they reach begin to be quite dangerous, at least to other cyclists. And if they want efficiency they should stick with speeds under 25km/h since above that you actually waste most of your pedaling effort into forcing air out of your way.

I didn't buy my bike to get fit. I bought it as a cheap and relatively environmentally friendly mode of transport (which also allows me to drink a couple more beers than if I was driving). For me, getting fit is just a welcome side effect.

Not that I have some sort of super bike - mine cost me £40 and has a steel frame.

Where you gain efficiency is in a smoother stroke, enabling you to maintain a spin in the 80 - 100 rpm range, very difficult to do with a free pedal. This is why the Biopace gears went out of favor, they destroyed smoothness. I used to be a gear pusher way back and experienced hurt knees, muscle imbalances, etc. This is also the reason for multiple gears to stay in an .efficient rpm range. I do have a single speed fixed gear bike when I’m in the mood to punish myself. I’m sorry, I just don’t get the mentality of a heavier bike, especially if I’m coming back from a tip against an unexpected headwind. Whatever rocks your boat. Everybody makes love to their old lady (man) different.