Chemical metering pumps come in many flavors, such as peristaltic, piston pumps (fixed and variable stroke), gear pumps, and so on. Most are "positive displacement" types - that is, for every rotation of the pump a specific volume of liquid is moved from the inlet to the discharge. For most pumps this volume remains fixed, and at a constant speed the flow rate is fairly constant across a wide range of of inlet and discharge pressures. The volume moved on each revolution is the pump displacement, and is usually expressed in liters per revolution, or cubic inches per revolution, or such. If you know the pump speed you essentially know the flow rate:
Q = d x rpm
Q is flow rate
d is displacement
If you have one of these pumps you don't need a flow meter - multiply the speed by the displacement and you have the flow rate.
Now some pumps have variable displacement - they can adjust the effective stroke of the piston by moving a swash plate or by some other mechanism:
http://www.miltonroy.com/corp/details/0,10294,CLI1_DIV39_ETI3654,00.html
In this case, at 50% adjustment the displacement is 50% of maximum, and again you can calculate the flow from the pump speed. The pump manual should explain all of this, and give you the accuracy of the adjustment and so on. The stroke adjustment can be manual, or respond to a 4-20 mA signal or whatever.