Octane rating does not determine fuel burn rate. It is a measure of the fuels ability to resist detonation.
Quote from a Sunoco Engineer:
The burn rate of a fuel is a measurement of the time required for complete combustion of the air/fuel mixture. The notion that octane ratings affect the burn rate of fuel is about 180-degrees from reality; burn rate is a function of several variables, and the two are completely independent, although there is generally a correlation between octane ratings and burn rates.
To give you a good example of this, we contacted Jim Wurth from Sunoco Race Fuels. He explains, "A perfect example is Sunoco Maximal, which is our fastest burning fuel, and coincidentally one of Sunoco's highest octane fuels at 116 (R+M) / 2. A lot of Pro Stock teams rely on Maximal for those sub-seven second runs. When they are turning 9,000 rpm or more, the fuel has to burn pretty quickly to achieve complete combustion".