What you will see: spun slowly, both rings stay readable. Spun fast, the outer numbers smear into a grey blur first, while the inner letters can still be made out.
Are the speeds the same? Different. Both rings complete one revolution in the same time T — the disc is rigid, so nothing can lag behind — but they travel on circles of different radius.
speed of the letters = 2π × 4 cm / T
ratio = 7 : 4 = 1.75
so the numbers move 1.75 times as fast as the letters
Put in numbers: if the disc turns once in 0.5 s,
letters: v = 2 × 3.14 × 0.04 m / 0.5 s = 0.50 m s⁻¹
Why the numbers fade: the eye holds an image for about 1/16 s. In that time a number sweeps a much longer arc than a letter does, so its image is smeared over a longer stretch of the retina. Beyond a certain speed each number's smear overlaps the next one's, and the ring dissolves into a uniform grey. The slower letters, smeared over a shorter arc, stay separated for longer.