Theoretically, yes it would. However, whilst high-speed data transfer is desirable on hard drives & flash media, it's not always desirable or even necessary with a CD/DVD drive. Examples:
1. Watching DVD video or playing CD audio - higher speed would make no difference because it's not required.
2. Burning to disc - higher speeds (if used) can lead to write errors.
3. Although higher speeds are desirable such as when transferring data from CD/DVD/installing CD-based software, just how many times a week would you actually be doing that?