No not brakes... but it will regulate the transmission and power more (versus Sports or Race mode) on each wheel to prevent slip.
mate, i run the same rubber & personally find 100-120 kmph to be abt the safe limit for the p-zero's ... my kahoonas quiver beyond that ...
either is good for me ... prob the 458 ... ummm ... mebe the mp4 ... oh crap i'm getting greedy ... & indecisive ...