Yes and no...
I could be wrong but I thought I head that if you recruited subscription time (whether it be for regular or classic or both) that free subscription time you earn applies to the account so benefits your classic side as well.
I believe the in game bonus items and bonus grouping stuff is only on the regular side but even a "classic only" account recruiting another "classic only" account should get the free subscription time. Since I am paying for Classic I consider any retail stuff a bonus (that I may or may not use). I did already get free level ups to 100+ on several accounts (just for reactivating I guess). I likely will use those and get the free items on the retail side before they expire.
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