That is really kind of a deceptive way to phrase it. You won't really go "faster" in the sense that you can attain a higher speed with the same amount of throttle and engine wear. Bigger wheels don't change the fact that to go faster, you have to apply more gas!
But it is true in the sense that your speedometer will show your speed as slower than you will really be going. But ** that definition, cranking the gears in your speedo to be incorrect will make you "faster", lol!
As the other poster said, you will lose a little acceleration--it will be sort of like trying to accelerate in a higher gear. And accelerating in a high gear is hard on the engine.
The good thing is that it sort of moves the top of your gear up a little bit. When you are in the highest gear, the "cruising" speed will be slightly higher--you will get slightly better gas mileage at cruising speed: however, you will be wearing your engine down a little bit more too. So it's a bit of a trade off, but probably the changes in speed and wear are negligible anyway, so don't let it bother you either way.
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