The answer to your question is "No. The difference in baudrate does not necessarily imply information is being truncated." Although you are right that there could be a connection between the two. I think the connection is best explained via an analogy.
The baud rate is a measure of the (lower-level) communication rate. For an analogy, you might think of it as how many words someone can speak in a 10[sec] period. (Maybe a fast talker can say 100 words, while a slow-talker could only say 20. Their baud rates are 10[words/sec] and 2[words/sec] respectively.)
The "information rate" (I don't know if that's a technical term?) is slightly different. In our analogy, that's how many words are actually said by the talker during a period.
Here's the key: The fast-talker might say 20 words in 2[sec], then remain silent for the next 8[sec]. So the fast-talker's "baud" rate is still 10[words/sec], because you had to listen at that frequency to understand her while she was speaking for those 2[sec], but her "information rate" averaged over the 10[sec] period is just 2[words/sec].
For the slow-talker, she would have to speak for the entire 10[sec] period to say all 20 words. Her baud rate is 2[words/sec] but her information rate is also 2[words/sec].
In summary, a slower baud rate does not necessarily mean that the information rate is any slower.
Does that help?
-Hunter