Good Morning,
The UMI-7774 is just an interface between the motion control boards and the power amplifier. The MID-7654 is basically just the power amplifier part of the list. Depending on your motor's requirements a controller out of the NI-73XX category might be a good fit with the 7654. The third party controller/drives can frequently be used, some, as you say, are serial communication, some are parallel (both interfaces are becoming harder to find). Remember, as to speed of communications, that motion controllers do some/most of the work. With many you specify a direction, distance and speed, and then they go off doing it, signalling when they're done with that motion. In some cases a series of complex motions can be downloaded and then initiated. There isn't a straight forward answer without more info on the application.
Sorry if this doesn't shed much more light!
Putnam Monroe
Senior Engineer, Certified LabVIEW Developer
North Shore Technology, Inc.
PutnamCertified LabVIEW Developer
Senior Test Engineer North Shore Technology, Inc.
Currently using LV 2012-LabVIEW 2018, RT8.5

LabVIEW Champion