Half right.
If you play game A with a hipfire FOV of Hor+ 110, but Game B only has a max possible hipfire FOV of Hor+ 90, the hipfire sensitivity will feel faster in game B if you match the 360 distance.
You can either set the exact same FOV and use 360 distance between games, or use Viewspeed or a Monitor Distance percentage..
Turn rate is NOT sensitivity, at least as far as aiming / muscle memory is concerned.