You are dead on about the rates being an expression of percent. 0.10 would be 10% per second, or ten seconds to fold. 0.05 would be 5% per second (20 seconds) and 0.5 would be a whopping 50% per second (2 seconds for full travel). This parameter was left out of the Container SDK, so I'm not certain if using two rates will govern right/left separately, or if it's a different rate for fold vs. unfold. I'm not on my FS rig right now so I can't test it.
Math Edit: If the wings take 15 seconds to fold/unfold, then use the decimal value of 1/15, or 0.067 for the rate.
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