Not really.
(I have been working on cruise controls since they first came out. I have rebuilt many transducers).
Cruise controls respond to a change in vehicle speed, not engine rpm. Unlike a governor, engine rpm can drop to an idle or red line as conditions require.
The basic principle is the same. Closed loop speed control. The governor on a genny maintains shaft rotational speed. On a car, it maintains road speed.
The car I currently drive, like most in the UK, has a manual box. Thus, when I set the cruise control, it keeps both the engine RPM and the road speed constant.
I used to be a certified mechanic. I worked on many Brit cars and have a love like no other for Lucas electrical systems. This was a while ago, but I used to work on Jags, MG's, and Triumphs that were collector items. Meaning, for the most part, they sat around collecting dust because they were too unreliable to drive on a daily basis.:lol:
Actually, one of the nicest cars I had was a Triumph 2500TC. It had a a sweet six pot in-line 2500cc petrol engine and a four speed box with overdrive on the top two cogs. So, effectively, six forward ratios. Top slot gave me just a bit over 2,000 rpm at 70mph, the UK legal speed limit and reasonably decent fuel consumption. I did all the servicing myself - oil, filters, spark plugs, points, timing, brake pads....stuff.
It gave me 100,000 miles of serene motoring. As was still running sweet as a nut when I departed with it.
Next car was a dog. A German Ford, the top of the range, and the engine failed after about 9,000 miles.
After a couple of further bad foreign experiences I got the 12 pot jag in the avatar.
Then another 100,000 serene miles but with a bit of a kick from the 300bhp sweet revving Brown's Lane product.
But fuel prices here.......
Mods, please forgive my off topic response....