Yes to both. Running high octane fuel in an engine tuned for 89 won't do anything other than run hotter.
As SaberTooth touched on.... higher octane will support more power... but it doesn't MAKE more power on it's own.
Basically... the higher the "Octane"... the slower the fuel burns. SO... as an extreme example... putting 110 oct "Race fuel" in an engine designed to burn 89 will probably make it loos RPM, and it will melt the piston crowns at the exhaust port. The reason is... that fuel is burning significantly slower, and is only partly burnt as the exhaust port opens. When that happens... the burning fuel rushes out the port, and focuses the heat at the crown. (The squish band in our engine can only cool the crowns under normal conditions) Also... since the fuel is burning out the port... you aren't getting it's full "Push" on the piston. (wasted power)
NOW... if you properly raise the static compression to 180 psi... you can cause the "Race Fuel" to burn at a higher rate, and completed it's burn cycle before the exhaust port opens.
So what can we take from this???
The Race fuel, on it's own, didn't make more power... but the higher compression is going to give a harder push on the piston. (The compression is what made more power, but regular fuel wont' support 180 psi static)
Sorry for that....
I guess the real question is what Saber tooth was asking. How did you measure the speed, and in what condition is your engine? If you have a 9 year old factory engine... it may not live very long if you mod it.