Another point too, is that when you can get to that level of speed and clarity, it almost becomes a "Zen" thing, where in essence you're no longer thinking about what you're doing, and instead kind of sitting back on autopilot and witnessing yourself and your fingers doing it. The key is that once you've reached this level, don't think about what you're doing. Just relax and let it flow. Your fingers already know where they're supposed to be. Thinking, just messes up the process. I would say this would apply to either fast fingerpicking and, flatpicking.