<< The first ATA33 controllers had the problem, they'd fall back to PIO mode if you put a non-UDMA device on them. That's been fixed for a while.
However you COULD slow down your hard drive by putting an optical device on the same cable. Only one device can be active at a time on a single channel. Think about it, a hard drive that can read at say 30MBps, that has to stop every once in a while to wait for a 32X CDROM reading at 4.8MBps. In the real world, you probably wouldn't see much difference most of the time, but it's possible you'd notice burps in performance for something like a game that reads data both from the hard drive and the CD, or trying to burn a CD on the same channel. >>
But an ATA100 HD wouldn't run at ATA33 just because an optical drive was hooked up as slave, right?