Hello Andrew,
The speed of gpib communication depends on three factors: speed of the instrument, speed of the bus, and speed of the computer. You can try changing the bus timing via MAX to speed up the bus, but you really can't change the speed at which the instrument recieves a command, processes it, performs the operation, generates a response, then sends it accross the bus.
If speed is your primary concern I would suggest getting an National Instruments DMM. An internal device will have much faster communication and will be 10x to 20x faster. Having an external instrument is like having a external CD ROM drive or an external modem attached to your computer.
Ray K
NI Applications Engineer