MIPS is somewhat a inaccurate way to measure processor speed.
For example the z80 can perform instructions that goes from only 4 T-States to 23! So what is MIPS?
the 6502 range from 2 Clock Cycles to even 7!
Plus they are heavily influenced by the clock frequency.
Performance of a CPU cannot be measured barely by counting how many instructions can be processed per second.
So TI's CPU can show a small MIPS value, but i do not think it is so slow as MIPS comparison say.
Plus, even the clock speed is not a valuable way. Take for example the C64. It has a 6502 @ 1Mhz. Slow compared to Z80 @3Mhz. So one can think: "Why not increase 1Mhz to 3?" The 6502 with only 7 cycles in the worst case will outperform thhe z80!
This is possible teoretically:
But even 1 2Mhz 6502 could not be done on C64 because of the tightly coupling between VIC-II (that share memory with CPU) and CPU.
When Commodore released the C128 they pushed the speed to 2Mhz but have to DISABLE the VIC-II and use another "VDP" similar to the TMS in the way it worked (no shared mem)