Intensity is more about duty cycle duration and not speed (after speed passes integration to eliminate flicker, which is usually about 50 to 60 Hz depending on contrast ratio).
A 25% duty cycle at 100Hz should appear as bright as 25% at 1000 Hz.
On to the issue at hand, looking more closely at the application as stated at the beginning of the thread:
If I understand, you have a total of 6 digits, and each digit is 7 segments, and each segment is composed of 35 LEDs, which we'll assume are common LEDs with a 1.7 v drop each.
VE1BLL makes two very good points. One is that for a given brightness, you're not going to save power by multiplexing. If you multiplex you will have to increase the current to each segment to get the same brightness. And running the 35 of each segment in series would be the best design for a host of reasons.
Let's talk about duty cycle again. With 6 digits, and at least one ON and the other 5 OFF at all times, and when on each one is on for the same period, then you have a duty cycle of 16.67%. So if you are happy with the brightness of an LED at 10ma constant current, in this configuration, multiply that by 6 and operate the LEDS at 60ma. Since they are only on for 1/6th of the time, they will still only consume an average of 10ma.
Second, in running the 35 leds of each segment in series, you lower your parts count considerably (when running LEDs in parallel you should use a separate limiting resistor for each).
Now, with 35 in series, and assuming a 1.7v drop per LED then you have a total drop of 59.5 volts. Your voltage into the LEDs needs to be at least 59.5 volts, but will need to be much more if we are to get the 60ma per LED we want for good brightness.
35 LEDs running at 60ma pulse is 10ma average, accounting for the 16.67% duty cycle. If all 7 segments are lit, that's a total peak of 420ma, or 70ma average. With 6 digits, and all segments lit (assuming that each digit is on one at a time, with a full 16.67% duty cycle, as you indicated) then your max average current draw is 420ma for the display. (It's useful to note that if you have all digits and segments on (with a 100% duty cycle) but set the current for each segment at 10ma (instead of 60ma), you'd still only be drawing 420ma total). You could vary the pulse WIDTH (i.e. shorten the duty cycle) to eliminate the need for a series current limiting resistor keeping the average current in bounds for the LEDs you're using, depending on the voltage you'll be driving them at.
Regards,
Andy