You're adding speed ("going faster").
You're adding a 200% of speed, which is twice the nominal speed (the 100%). Given the nominal speed is 1x and you're adding 2x, you end with triple the magnitude of the original nominal speed.
I'm using the exact same terminology, so splitting hairs on phrasing isn't going to work for me.
After some clever engineering, it now runs 50% faster. Its speed is now 100% (baseline) + 50% (improvement) = 150% of 1 m/s (original speed) = 1.5 * 1 m/s = 1.5 m/s
The budget option runs 20% slower than the original model. Its speed is 100% (baseline) - 20% (derating) = 80% * 1 m/s (original speed) = 0.8 m/s.
People will rail about them using it wrong but it's pretty useless when you have to basically guess whether people subscribe to your definition of "right" before you can understand something.
There’s not really any particular advantage to saying 0.005 of the amount (or 1 – 0.995 of the amount) vs. 200 times less. Personally I find it significantly less clear (though not really any more or less “impressive”), because doing mental decimal arithmetic takes some extra effort and leaves more room for confusion. That is, it is easier to reason about multiplying or dividing some quantity by 200 vs. multiplying or dividing by (1 – 0.995).
But the two numbers are reciprocals; this is grade-school rational arithmetic, not some kind of trick.