The first half: bank time without spending your legs
You start in the dark at 5 AM, and the early miles feel great, which is the trap. The footing is good high-desert single-track and you will want to roll, but the loop is long and the back half is where it bites. The smart play is to bank time gently in the cool morning hours by being efficient, not fast. Hike the steeper pitches from the very start, keep your effort honest on the rollers, and get to the halfway point feeling like you have barely started a race.
This is also where you set up your stomach for the whole day. Eat early and often while it is easy, before the afternoon warmth and the climbing start to shut your appetite down. The runners who fall apart at mile 70 usually stopped eating around mile 40.