It just seems like he's being lazy or going thru the motions for the experience. People read way too much into training sessions. They can mean much different things from one fighter to the next.
Though I will reiterate about the claim vis a vis his top game against Holloway, Max himself had a blown tire, and from the beginning of the fight instead. So all that fight really displayed is Conor has a better td game or fight I.Q. to fall back on when injured. Kudos to him for that. But let's not get crazy trying to translate that situation much to future fights either.