Yes, it shaves milliseconds off the cast time of Cure. Three hundred forty milliseconds. I'm not trying to stack spell speed on my end - I prefer det, personally.
Still, my Cure 1 time without PoM is: 1.92 With it: 1.58 Stone 2 w/o: 2.4. With: 1.97. Holy: 2.88 to 2.37. Also note that since the recast time is 2.4 seconds
PoM allows me to put seven Stone 2/Aero 2s into a 15 second period instead of six. It lets me fit in nine Cures instead of seven in a 15 second period. That's damage or healing that otherwise would not be there (though it does come with attendant mp costs). Whether you NEED the healing or not is certainly a good reason to not use the skill, but saying it's not as good as Divine Seal therefore you want something else on your cast bar is overreacting. I'd also point out that PoM does increase your cast speed on stoneskins, esunas (lol), slowcast raises (lol), protects, whatever. Probably not the most important thing in the world, but hey, why not, right?