Hi Scott,
I understand that you'd like to do digital I/O on a PCI-6534. All of the scenarios you outlined in your question should be possible with this board.
1. You can configure some lines of a port to output signals while others input signals by using a line direction map.
2. You can do patterned I/O on the same port at the same time.
I'm not sure what software you're using to interface with the 6534, but if you happen to be using LabVIEW, then there is a shipping example which demonstrates the basics of patterned I/O on a single port of a DIO board. The example is called Digital Multi-line Direction (E).vi and can be found in Help >> Find Examples. If you are using another programming language, then there may be examples on ni.com.
Hope this helps
,
Marcus G.
National Instruments