Actually, the higher rate of fire of the Browning M2 and M3 50BMG is an advantage over the slower cannons in high speed attacks. And as posted above, the F-86 Sabre, equipped with 6 Browning 50's did very well against cannon equipped MiG's in Korea.
Agreed, although in the book
Sabres Over Mig Alley: The F-86 and The Battle for Air Superiority in Korea, by Kenneth P. Warrell, it speaks of the downside to having 6 .50s on the F-86 as being that the incendiary rounds did not ignite properly above 35k-ish feet, and thus were merely lead slamming into the Migs and not doing very major damage. That is why there were attempts to see if it were possible to mount the Sabre with four twenty millimeter cannons. Unfortunately, this project was cancelled due to the excess gun exhaust clogging and killing the engine with *no way to restart it.
*The part after the asterisk might not be true, just working mostly from memory here.