That’s correct!
As I understand it (and before running with the following as Gospel, I’d wait to make sure there’s no correction forthcoming from the pros).
… as far as MIDI events go, their lengths (“playback speeds”) are always going to change when the tempo is changed … they react to tempo changes just like audio with Musical Mode switched “on” does.
And, unlike audio, they have no button/icon to click to change that behavior … there’s no option to make MIDI events behave like audio with Musical Mode switched “off” does.
The following two posts by @raino may help (they did me!):
(From the Book of Raino, where those Cubase novices wandering in the Tempo Change Desert for forty years were brought to the mountain top to be shown the promised land):
So, If I understand your first post correctly:
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Does setting the track to Linear Time Base before adjusting the tempo get you the results you want?
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If not, does rendering the MIDI to audio first, then setting the track to Linear Time Base before adjusting the tempo get you the results you want?