The expression for sonic velocity is also a function of pressure at the upstream side of the impeller. i.e vel = (k.P.v)^0.5, [vel=m/sec, P=N/m2, v=m3/kg] so at high suction pressure, yes, you could be operating at higher tip speeds to keep within 0.8-0.9Mach max. The k value for irreversible compression processes is somewhat higher than ϒ, but may be safer not to take credit for this.
Taking credit for higher suction pressure in max permissible tip velocity is yet another safety critical reason to install a PSLL on the suction side of the compressor.