What is not clear to me is that we know that it is the PEM (exacerbation of symptoms) that causes decline. I thin more in terms of the exertion causing the decline and the long term nature of that decline as part of what we call the effect - PEM.
I also think PEM is the consequence not the cause. Its nature does offer clues to the underlying mechanism, but it is not the mechanism itself.I also see PEM as a symptom of over-exertion, not the driver of a decline.
In the same way that excessive urination and thirst is a consequence of diabetes and a clue to its underlying mechanism, but is not the cause of it.