In Short Yes.
the best way you could tell and gauge the difference would be to use a good GPS unit and measure your actual speed per rpm before and then again after for an example the Std Rocket comes out with a odometer that reads true but the speedo reads 7% higher so if you put a higher profile the such as a 240/55/16 (std fitment 240/50/16) it brings the variance back to only 2% higher but also means the odometer will read 5% lower so when working out fuel economy you need to multiply the odometer reading by 0.05 to get the correct distance covered, not hard once you get used to it