It depends on how far you're trying to shoot and what you're ultimate goal is.
I know what you're referring to, so to answer your question civilly, yes you are compensating for the low BC of the bullet with very high MV and lowering your ToF.
To a certain point, all is well, especially if that certain point isn't over your intended range anyway. After a certain point, the low BC will degrade velocity so rapidly that you'll limit your range due to dipping below the lower impact velocity limit of the bullet, and you'll still experience more wind drift at a given distance.
For example, at 4220fps, the 124gr HH at 500 yards with a 10mph full value constant wind will experience 14.9" of drift, be at 2739fps, and have 2066ft-lbs of kinetic energy potential. At 1000 yards it will have drifted 80.2", be at 1556fps, and have 667ft-lbs of kinetic energy potential.
At 3000fps, a 215gr Berger at 500 yards with a 10mph full value constant wind will experience 11.2" of drift, be at 2362fps, and have 2663ft-lbs of kinetic energy potential. At 1000 yards it will have drifted 51.1", be at 1806fps still, and still have 1557ft-lbs of kinetic energy potential.