Dear BMAJTZ,
The counter frequency (the maximum speed available) is configured by the Task in the background. In our case, the counter is set to detect edges, so it always uses the maximum speed available. If an edge occurs, the count value increases by 1, and this accumulated count value (stored as a binary number) is read by the DAQmx Read VI, and converted to meters. So if your encoder input is slow enough for the 80 MHz card to handle, you won't miss any ticks, even if you only read the value occasionally.
You can find further information about counters and encoders on these links:
http://www.ni.com/academic/students/learnlabview/digital.htm
http://www.ni.com/white-paper/7109/en
Also if you can tell me the approximate frequency of your encoder signal, and how often you nedd the position info, I can do some benchmarking for you to see if your card is capable of the task.
Best regards:
Andrew Valko
National Instruments
Andrew Valko
National Instruments Hungary