Hi Jon,
Thanks for using our discussion forum. First of all, yes, you are correct in assuming that the MID controls the current provided to the motor. Current is what in fact drives motors and not voltage. You will notice on your MID-7654 that you have a series of dip switches which are appropriately labeled on the top panel. Setting them will set the appropriate current for your motor. It sounds like you have concerns over not sending more than 12V to the motor, which is certainly a legitimate concern. However, your motor is probably rated based on its current. What I would suggest is getting the current spec from the motor manufacturer and setting the dip switches appropriately on the MID. If you can't find this spec, you might want to try getting the load provided by the motor. Then if you know 12V and the resistance, you should be able to figure out the max current to set based on Ohm's Law, V=IR.
I hope this helps you out. Good luck on your application!
Regards
Dan Q
Applications Engineer
National Instruments