These are probably pretty reasonable parameters for including people in studies and such, but my own experience runs somewhat counter to this. I think whatever ME is, it can be much milder than we generally think.
In between a fairly significant episode as a teenager and my current sorry state a couple decades later, I was able to do all kinds of things (climb mountains, bike for days, handle many truckloads of firewood, and so on), but I definitely still had ME, i.e. a limit beyond which I suffered PEM and reduced capacity in the days, weeks or even months that followed. Whatever it is that has gone wrong in one's body in ME, it was still wrong in mine, just only to the degree that I had to push myself in very specific ways to go past my limit. While I don't think this is common, I don't think I'm the only one with a similar experience.
Sometimes I wonder if studying people who have only very mild ME, like I had, may give some insight by stripping away the differences between patients and controls due to lack of exercise and potential compensatory mechanisms.
FWIW, my own experience of PEM when my limit was high seemed quite compatible with a cardiovascular mechanism. I could do exercise that only used part of the body, like road biking or hiking, all day long, but I could hit a limit by cross-country skiing, which uses most of one's muscles, at medium intensity for just an hour or so. It was only sustained demand at significant cardiovascular output that pushed me over the limit.