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In LLM-based AHD, the LLM reasons about algorithm design and generates executable heuristic code. Existing architectures adopt two main paradigms: Natural Evolution applies crossover and mutation to this code to explore diverse strategies, but discards the reasoning traces behind the design decisions, weakening knowledge inheritance; Metacognitive Evolution retains these reasoning traces and refines them through reflection, but lacks population-level recombination, limiting exploration. These limitations reduce search efficiency, stability, and solution quality on complex problems. To address this gap, we propose MeEvo, an AHD framework that cyclically couples Natural Evolution and Metacognitive Evolution with operator balance that shifts from exploration to exploitation. 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