Absolute vs. Musical timebase and Time Format settings of only affect the
start times of MIDI clips; the timing and duration of events within the clip will still follow project tempo, even if the start time is locked to Absolute/SMPTE time.
The easiest way to change the tempo of a MIDI clip is simply to change it's length, either by using Process > Length or slip-stretching by holding Ctrl+Shift as you drag the end of the clip to the appropriate length (i.e. the same percentage as the tempo change/difference ratio).