I haven’t looked into it but I understand using a capacitor across the live and return helps reducing the losses.
This does not influence the fixture operation at all, neither it's losses. On the contrary, it have losses on it's own.
But the purpose is a bit different: With a low power factor you are transferring quite limited real power, but loading the transmission lines and equipment like there was large power transferred. The main intention is to save money on the wiring.
It is true, the lower apparent power handled by the wiring mean lower losses in the wiring, but this usually just offsets the losses associated with the correction of the power factor.
So if you want to design an illumination of some larger hall without the capacitors, with 16A breaker per branch you are limited to about 24 F36T8 lamps on each such branch, as each of them draw 0.43A, but with real power only ~45W (assume you don't want to load one "16A" branch for more than 10A to avoid false tripping).
But if you add the power factor correcting capacitors, the real power stay the same 45W (assume no losses in the capacitor for the simplicity), but the current will be just 0.22A per lamp, so on the 16A branch you may hook up 47 lamps with the same design margin, so you suffice with half of the wiring and corresponding breakers. Quite some money savings...