Well, not exactly..
For every bit, you'd have to send:
3 characters to set the position, then 1 character to turn pixen on or off.
4 characters per pixel. (At lowest efficency, of course.)
This would drop that down to roughly 6 frames/second.

But, again, on top of that, alot of the graphics just wouldn't look pretty, since we have 4 'colors' on the main screen, and on the remote screen, we have 2...

Me.