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While unit moves, individual models can’t leave their ranks and try to move as one entity by keeping unit formation.
The only exception is Retreat maneuver. When unit starts to flee from enemy its models continue to move together but as a mob in chaotic fashion to simulate turmoil and panic.

tests notes

Leader M and I values doesn't affect unit RS

Cavalry unit M value is overridden by its mount type M value as soon as

its Armor is set to mounted type.  Mount M value is most likely hardcoded as there is no way to change it in WHedit. 

Mount type Horse M value equals to M7 of infantry unit (confirmed by tests)

Anchor

RS RS

Real speed formula

RS formula depends on unit's M and Ini characteristics as well as some modifier which transforms Movement tabletop metrics to Dark Omen ones.  
For instance, unit RS = (M + I)*n
WhereThe logic is the higher the M and the I values the faster is a unit.

RS = a*M - b*I - c

where:
RS - unit real speed
M - unit Movement
I - unit Initiative
n
a - M modifier 
b - I modifier
c - modifier

DO precise formula of unit real speed (RS) formula: RS = 0.45*M - 0.1*I - 0.2

Acceleration/deceleration formula 

depends on M and I
precise formula is unknown at the moment.