In a sense yes. Remember the opposite happens at full travel. If you slow it down around center it will be quicker towards full turn for example. And vice versa if set the other way.

It's easy enough to change/experiment with, suggest trying it on steering both ways with a considerable setting, should be fairly obvious with the car sitting and looking down at it while steering. In practice moderate settings are probably best for most uses, when it's even used.

Works the same on throttle or any other channel it's offered on.