This allows for muscle building & endurance but bicycling doesn't replace jogging. Remember, there is a difference between natural movements & man made inventions.
I think rucking might be a good replacement. Walking while carrying weight is a thing humans were meant to do. Jogging and running are good too of course no debate there. But it's surprisingly easy to injure yourself running jogging. Rucking I think has maybe equal benefit, less downside.
I use to run a lot. Small kids + long winter. Easier to stay consistent with the spinning bike. Other than that I walk a lot
Winter = the best jogging experience. All the benefits of running & cold exposure.
I used to do that a lot too. Lots of dark ice. Phone would eventually give out: the battery didn’t do well with weather that cold. Also urban area. Sidewalks is not the best for the joints (concrete). Street (asphalt) is better but too much cars