A small variation of OP answer (+1), which result (to my opinion) in better looking page. You may find the following suggestions useful:
- redefined is
\myequations
- successive `intertext are merged in one
- defined is new command for simulating paragraphs in
\intertext
\documentclass[11pt,a4paper,twoside,openright,fleqn,%
headinclude,footinclude,parskip=half,%
numbers=noenddot,cleardoublepage=empty]{scrbook}
\usepackage{geometry}
\usepackage[notlof,notlot,notbib]{tocbibind}
\usepackage{tocloft}
\usepackage{amsmath,amssymb,amsthm}
\usepackage{lipsum}
\usepackage{pdfpages}
\definecolor{colorforlinks}{RGB}{27, 60, 131}
\usepackage[breaklinks=true,
colorlinks=true,
linktocpage=true,
allcolors=colorforlinks]{hyperref}
\newcommand{\listequationsname}{List of Equations}
\newlistof{myequations}{equ}{\listequationsname}
\newcommand{\myequations}[1]{%
\addcontentsline{equ}{myequations}{\protect\numberline{\theequation}#1}\ignorespaces}
\newcommand\inl{
\setlength{\parindent}{2pc}
\begin{document}
\listofmyequations
\chapter{Precision and Accuracy}
The precision, or repeatability, and a paragraph of words here:
\begin{align}
STD &= \sqrt{\frac{\sum_{i=1}^{n}(x_{i,j} - \bar{x})^{2}}{n-1}} \label{eq:std}
\intertext{\myequations{Standard Deviation}
where \(i\) is the epoch number, \(j\) is the \(x\),\(y\) and \(z\) component, \(x_{i,j}\) is the measurement at the epoch of observation, \(\bar{x}\) is the mean of \(j\) measurements and \(n\) is the total number of epochs.
\newline\indent
Then some words about Accuracy for a paragraph or so:}
\mathrm{RMS}_{x,\,y \,\mathrm{or}\, z}
& = \sqrt{\frac{\sum_{i=1}^{n}(P_{i}-O)^{2}}{n}} \label{eq:rms}
\intertext{\myequations{Root Mean Square}
where \(x\),\(y\) and \(z\) are the horizontal and vertical coordinate components, \(P\) is the measured Real-Time ppp value, \(O\) the \emph{true} reference value, \(i\) is the epoch of observation and \(n\) is the total number of epochs.
\newline\indent
Furthermore; some words about 2-dimensional RMS or 2DRMS:}
2\mathrm{DRMS}
& = 2 * \sqrt{ RMS_{x}^{2} + RMS_{y}^{2}} \label{eq:2drms}
\intertext{\myequations{Distance Root Mean Square}
\noindent where \(RMS_{x}\) and \(RMS_{y}\) are the RMS for the \(x\) and \(y\) components respectively.
\newline\indent
Lastly; a paragraph or so about Mean Radial Spherical Error:}
\mathrm{MRSE}
& = \sqrt{ RMS_{x}^{2} + RMS_{y}^{2} + RMS_{u}^{2}} \label{eq:mrse}
\end{align}\myequations{Mean Radial Spherical Error}
where \(\mathrm{RMS}_{i},\; i\in\{x,y,z\}\) are the RMS for the \(x\), \(y\) and \(z\) components respectively.
\lipsum[66]
\end{document}


Edit:
However, it is not clear, why is needed such complicated structure of this equation. That equation on this page are aligned at =
?
Well, this is mater of personal taste. I do not see any advantages. More usual way of writing text at least is much simpler and consequently less error prone:
\documentclass[11pt,a4paper,twoside,openright,fleqn,%
headinclude,footinclude,parskip=half,%
numbers=noenddot,cleardoublepage=empty]{scrbook}
\usepackage{geometry}
\usepackage[notlof,notlot,notbib]{tocbibind}
\usepackage{tocloft}
\usepackage{amsmath,amssymb,amsthm}
\usepackage{lipsum}
\usepackage{pdfpages}
\definecolor{colorforlinks}{RGB}{27, 60, 131}
\usepackage[breaklinks=true,
colorlinks=true,
linktocpage=true,
allcolors=colorforlinks]{hyperref}
\newcommand{\listequationsname}{List of Equations}
\newlistof{myequations}{equ}{\listequationsname}
\newcommand{\myequations}[1]{%
\addcontentsline{equ}{myequations}{\protect\numberline{\theequation}#1}\ignorespaces}
\setlength{\parindent}{2pc}
\begin{document}
\listofmyequations
\chapter{Precision and Accuracy}
The precision, or repeatability, and a paragraph of words here:
\begin{equation}\label{eq:std}
STD = \sqrt{\frac{\sum_{i=1}^{n}(x_{i,j} - \bar{x})^{2}}{n-1}}
\end{equation}\myequations{Standard Deviation}
where \(i\) is the epoch number, \(j\) is the \(x\),\(y\) and \(z\) component, \(x_{i,j}\) is the measurement at the epoch of observation, \(\bar{x}\) is the mean of \(j\) measurements and \(n\) is the total number of epochs.
Then some words about Accuracy for a paragraph or so:
\begin{equation}\label{eq:rms}
\mathrm{RMS}_{x,\,y \,\mathrm{or}\, z} = \sqrt{\frac{\sum_{i=1}^{n}(P_{i}-O)^{2}}{n}}
\end{equation}\myequations{Root Mean Square}
where \(x\),\(y\) and \(z\) are the horizontal and vertical coordinate components, \(P\) is the measured Real-Time ppp value, \(O\) the \emph{true} reference value, \(i\) is the epoch of observation and \(n\) is the total number of epochs.
Furthermore; some words about 2-dimensional RMS or 2DRMS:
\begin{equation}\label{eq:2drms}
2\mathrm{DRMS}= 2 * \sqrt{ RMS_{x}^{2} + RMS_{y}^{2}}
\end{equation}\myequations{Distance Root Mean Square}
where \(RMS_{x}\) and \(RMS_{y}\) are the RMS for the \(x\) and \(y\) components respectively.
Lastly; a paragraph or so about Mean Radial Spherical Error:
\begin{equation}\label{eq:mrse}
\mathrm{MRSE} = \sqrt{ RMS_{x}^{2} + RMS_{y}^{2} + RMS_{u}^{2}}
\end{equation}\myequations{Mean Radial Spherical Error}
where \(\mathrm{RMS}_{i},\; i\in\{x,y,z\}\) are the RMS for the \(x\), \(y\) and \(z\) components respectively.
\lipsum[66]
\end{document}
