Hi Goose,
Your question is dependent on several factors, but whether you use fiber optic triggering of your Inon (manual or TTL), or manual triggering via an electronic connection, the speed is likely to be determined by the recycle time of the strobes, not by card write speed.
I would guess that even with an SB900, the flash's recycle time is the limiting factor too, although this will depend on how big each output is.
Strobe recycle time is dependent again on many factors-the power of each output, battery condition and ambient temperature.
If a fast recycling time is crucial (back to bait balls), then the Inon is poor solution. You will be better served with a larger strobe with a bigger battery capacity/output. This will mean it will be able to recycle faster.
So the short answer is that you can use either CF or SD card if you are using strobes, because the bottleneck is likely to be the strobes, not the card.
Adam