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I think adding the word 'acceptable' in your question is what throws people. There is no right or wrong. However, the average college student would be really struggling reading at only 200 wpm. You can do it, but it will be a lot tougher. I read somewhere that the average college student reads 350-450 wpm. Very few read over 600 wpm.
That said, I would agree with others on this thread that you will read differently on different devices. As far as speeding up, you can do this using Moon Reader and setting the scroll one step faster. It's uncomfortable at first, but if you don't have comprehension issues, then it does work to speed you up. I'm not sure that it's going to be very effective on such a small screen however.
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