It depends upon the type of pump motor and the controls...
If driven by a regular motor, no, it will run at the same speed no matter what the vacuum -- the motor amps should probably drop somewhat as the vacuum increases... in this case, also check the presence of a control valve, as the vacuum increases, it should be closing (?? maybe opening ?? see note below)...
If it is a variable speed motor, then yes, the speed should be dropping off, depending upon the control settings...
At some point, the pump will reach a point where it will only maintain a given vacuum, depending upon a number of factors --
a) if a constant speed and no control valves, you need to know what vacuum it should be able to maintain (also check amp loading of pump); failure to maintain that expected vacuum means you have a leak of of some proportion
b) if a constant speed and a control valve, if the valve remains open [?? or throttled closed ??] (again check motor amps), then suspect a control problem or a leak [always assume the controls are working untill you prove otherwise] -- I am not that familiar with a system using a control valve in this application -- I am not sure if it should open or it should close...
c) on a variable speed, check the speed vs vacuum -- if the speed does not come down (and vacuum correspondingly) again, check the system for leaks and then the control systems..