You're right, it's faster than the druid, right up until that feature. And since that feature defines a maximum...
For a more detailed explanation, here's a table:
[TABLE="class: grid, width: 50%, align: left"]
[TR]
[TD]Morph Level[/TD]
[TD]CR by Table[/TD]
[TD]CR by Feature[/TD]
[/TR]
[TR]
[TD]1[/TD]
[TD]1/2[/TD]
[TD]N/A[/TD]
[/TR]
[TR]
[TD]2[/TD]
[TD]1[/TD]
[TD]N/A[/TD]
[/TR]
[TR]
[TD]3[/TD]
[TD]1[/TD]
[TD]N/A[/TD]
[/TR]
[TR]
[TD]4[/TD]
[TD]2[/TD]
[TD]N/A[/TD]
[/TR]
[TR]
[TD]5[/TD]
[TD]2[/TD]
[TD]N/A[/TD]
[/TR]
[TR]
[TD]6[/TD]
[TD]3[/TD]
[TD]2[/TD]
[/TR]
[TR]
[TD]7[/TD]
[TD]3[/TD]
[TD]2[/TD]
[/TR]
[TR]
[TD]8[/TD]
[TD]4[/TD]
[TD]2[/TD]
[/TR]
[TR]
[TD]9[/TD]
[TD]4[/TD]
[TD]3[/TD]
[/TR]
[TR]
[TD]10[/TD]
[TD]5[/TD]
[TD]3[/TD]
[/TR]
[TR]
[TD]11[/TD]
[TD]5[/TD]
[TD]3[/TD]
[/TR]
[TR]
[TD]12[/TD]
[TD]6[/TD]
[TD]4[/TD]
[/TR]
[TR]
[TD]13[/TD]
[TD]6[/TD]
[TD]4[/TD]
[/TR]
[TR]
[TD]14[/TD]
[TD]6[/TD]
[TD]4[/TD]
[/TR]
[TR]
[TD]15[/TD]
[TD]7[/TD]
[TD]5[/TD]
[/TR]
[TR]
[TD]16[/TD]
[TD]7[/TD]
[TD]5[/TD]
[/TR]
[TR]
[TD]17[/TD]
[TD]7[/TD]
[TD]5[/TD]
[/TR]
[TR]
[TD]18[/TD]
[TD]8[/TD]
[TD]6[/TD]
[/TR]
[TR]
[TD]19[/TD]
[TD]8[/TD]
[TD]6[/TD]
[/TR]
[TR]
[TD]20[/TD]
[TD]9[/TD]
[TD]6[/TD]
[/TR]
[/TABLE]
I might be missing something, but to me that's a down-grade.
(And if it's not, then it's not clearly enough spelled out.)