Yes, when idling along under no load a Hit & Miss engine does spin up much higher in RPMs when it fires, so it then must coast down in RPMs until the governor retracts far enough to let the valve close and allow for compression and firing again. However, when they are under load, and hooked up to do work, there is far less spin-up when they fire, and much quicker slow down between firings, so they have far less variation in RPMs while they are doing work, firing much more frequently to maintain a more even speed against load.
Hope that made any sense?!?!