As a precursor: we like our meat medium-rare, and we have a family member who is especially picky about that. Also, we used a 2.5lb eye round roast that was even in diameter along the entire length. Our oven is electric and very well insulated, so it holds it's heat well. I combined the advice of some of the reviewers and did the following:
1. Used Gravy Master to cover the roast, then added plenty of garlic salt and ground pepper to make a nice spice crust.
2. Placed the roast in a roasting pan and put it in a 500 degree oven, lowered the temperature to 475 degrees and cooked it for 7 min/lb x 2.5 lb = 18 min.
3. Did NOT open the oven and lowered the temperature to 200 degrees (which our oven may not have even gotten down to). Left the roast in for 20 min/lb x 2.5 lb = 50 minutes.
4. Removed the roast and let it sit for 10 minutes before carving.
Results: the roast was medium to medium-rare but closer to medium, with a nice medium-pink hue throughout the length of the roast. We all prefer it a little darker pink but regardless, the meat was incredibly tender. The tenderness was what you'd expect of medium-rare and it was even more moist than you'd expect for medium-rare by any other cooking method we've tried, so overall it was VERY enjoyable. This is definitely the only way I'll cook roast beef from now on!
Future modifications: I would like to get it closer to medium-rare, so I will lower the time of 20 min/lb at 200 degrees to 12-15 min/lb.
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As a precursor: we like our meat medium-rare, and we have a family member who is especially...