These days I'm tracking (and shooting for) a certain number of minutes/week for aerobic exercise...be it on the bike or on a machine in the gym. I loosely keep track of aerobic vs. higher HR time. I find cross training helps keep my joints more comfortable, so it makes sense for me to track total exercise time and HR intensity.
But, I also have an increasing target schedule for both mileage and climbing on the bike for weekend rides, to keep me on track for a biking goal.
"The best rides are the ones where you bite off much more than you can chew, and live through it." ~ Doug Bradbury