Absolutely not.
How fast your battery charges is actually quite simple. Think of the power as water and your phone as a bucket with a faucet. Like this one:
How fast that bucket will fill with water when you start filling it will depend on how fast the water is going in and how fast it is going out. Same with the iPhone. When you are charging it and using it at the same time, you are adding power and using it at the same time. Most of the time, the power coming in will be greater than that going out. If you reduce power, it will charge faster. The fastest possible way to charge your phone is to put it into Airplane Mode and turn off the screen. However, low power mode is almost as good and it will charge far faster in low power mode than in regular mode.
Whoever you heard that from was not only wrong, but told you the complete opposite of the truth.