The short answer after a test print yesterday is that the flow rate is not adjusted automatically by changing the feed rate. The extrude diameter ends up thicker and each layer is higher than the gcode thinks it should be resulting in the extrusion head pushing a path through the thicker layers, eventually breaking the bond with the build platform. So if I'm on the craft "tab" / speed "tab" and I had set the feed rate from 50 to 25, it stands to reason that I could set the flow rate setting from 2.1 to 1.05 and achieve the same build in twice the time. I'll have to test it out.
I was having a problem with my y axis movement during more rapid movements but it ended up being a misalignment between the linear guides on the LH and RH shafts, so I was essentially out of perpendicular. I adjusted the pulley to square them up and the binding problem is gone. But it's still nice to know this info incase you're ever looking to slow down a print.
Thanks for the link to the skeinforge info.