are you suggesting optimum plate count means optimum peak capacity?
"Peak capacity" is just what it sounds like: the number of peaks that you can fit in a chromatogram. As such, it is the range of retention divided by the average width of a peak. The average width of a peak is a function of the square root of the plate number. Sooooo, for a given retention range, the higher the plate number, the higher the peak capacity.
less optimum flow rate can mean less solvent consumption
Plate number is not related to flow rate as such; it's related to linear velocity. The relationship between plate number and linear velocity is generally given by the Knox equation (for LC) or the Van Deemter equation (for GC). As you decrease particle size, the optimum plate number and the optimum linear velocity both increase (i.e., for smaller particles, you get more plates at a higher velocity). In most cases, optimization is done with respect to run time (we want the fastest separation possible), so the trend is toward smaller particles + higher velocity (and higher pressure, of course). Optimizing solvent consumption goes the other way: what you want is a lower velocity, which means larger particles. That decreases the plate count, but you can get the plates back by going to a longer column.
Now, linear velocity and flow are related by the cross-sectional area. No matter how *long* you make the column, the optimum flow for a given particle size will be the same.
To a certain extent, all of this is hair-splitting (we're talking a factor of maybe 2 - 10). The largest effect is diameter. Going from a "conventional" 4.6-mm id column to a "microbore" 0.25 mm id column drops solvent consumption by a factor of almost 400.