No, it doesn’t - It burns at a speed of 1000 mm/min, as dictated by the maximum speed settings in the firmware ($110 and $111).
When you set $32=1, it’s using variable power based on the speed of the movement. Since you’re asking it to go 6 times faster than it is allowed to, it lowers the power by a factor of 6 instead, to make the burn result exactly what you asked for.