I've generally felt that the company has had the good end of that deal, especially for the higher fractions (0.6/0.8 of full time): productivity seems to me to be non-linear, and trading off the end-of-the-week burnout for a little more payroll admin and management sounds great. Where the fraction is much smaller, the increase in coordination costs probably means that it's more finely balanced.
The other point I'd make is that less than pro-rata will sound unfair to your part-timers, whether the intentions and justification are good or not. And defending that isn't a hill I'd die on: in skilled jobs staff goodwill is a precious commodity not to be squandered.
There may also be legal issues: I suspect that lower rates for part-timers would be unlawful indirect sex discrimination in the UK (the part-time workforce being female to a much greater extent) but that may well not be true where you are.