Possibly. I know for my Ti book, the hard drive and optical drive share the same ATA/66 bus. On my 12" Powerbook they're on two different buses. It could be that the AL books have a slower optical bus than the ATA/100.
After doing some research I've found out how to determine the optical bus speeds in Powerbook G4s and other PowerPC Macs. Look at what extensions are loaded via System Profiler. AppleKauaiATA is the extension for Apple's ATA/100 controller codenamed Kauai. AppleKeyLargo is the extension for Apple's ATA/33/66 controller codenamed KeyLargo. It can run at either ATA/33 or ATA/66 depending if the ATA cable is 40 or 80 wires. In G3 Macs, it's always 40 wires and will still run only at ATA/33 speeds with a 80 wire cable. In most (all?) G4's with KeyLargo, it runs at ATA/66 when used with a 80 wire cable.
If your Powerbook has both extensions loaded, then the HDD bus is ATA/100 via Kauai and the ODD is ATA/66 via KeyLargo. If you only see one of the extensions listed, then both drives run at the speed supported by the controller.