Forum went down when I tried to send the first version.... Argh....
There is no "CAN Capture" feature in M1, however, there is a 'CAN Inspector' utility (available as part of Utilities v1.17 at the bottom of this page:
http://www.motec.com.au/software/latestreleases/ ) that will work connected to your M1 through the Ethernet connection.
But you may not need this, since if you look at the Wheel Speed Templates (click the advanced button), then the Transmitted Channels tab, then "Change.." one of the channels. You will see it sends the speed in 0.1 km/h units. You could scale this in the template, but I would just change the "Wheel Speed Front Left Sensor Scale" value so that the GPS speed matched the reported Wheel Speed. The same scale number should work for all tires of the same circumference (so might be different for front & rear depending on your car).