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sample rate doesn't affect length of time on your CD. This is your original question correct? you can sample at 44.1kHz or 48kHz or whatever...but the length of the audio is not affected. similar to how an 128kbps mp3 and a 256kbps mp3 is still xx:xx long but vary in size.
as for how the quality is affected....I'm not too sure. Never tried, but I doubt 44.1 and 43 kHz will vary that much. however, when you burn audio to CD, 16bit/44.1kHz is the standard and actually, I'm not too sure if you can burn in any other sample rate and play it on your CD player.
hope this makes sense. 
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