Joe,
No, cutter comp has nothing to do with feed rates. It is used for:
A: allowing you to program to the centerline of the spindle and then put in the radius of the tool used to properly position the tool, or
B: adjust for tool wear or for an undersize tool when programmed to the edge of a known diameter tool
Some CAM programs will adjust the feedrates for you, slowing it down for an inside corner, and speeding it up for an outside corner, the idea that the feedrates to the edge of the tool (where it's doing the cutting) will be different from the centerline of the toolpath as programmed
HTH
Mark