Ok, more testing, and I'm back to my previous plan, Still Mode and .FITS files. So .SER will capture files very fast, but it still takes time to write data to disk. And because I can only control when the .SER capture starts what ends up happening in a short 10-second window for The Diamond Ring is a bunch of images very close together, like 25 images in about 3 seconds, that then take the remaining 7 seconds to write to disk. So I'm not getting much change over time.
And when I first tried this with PNG files, it was faster, but that was with the lens cap on. Now that I'm pointing at a light, I believe PNG is actually slower than FITS, even though the files are a bit smaller, probably because some time is needed for the compression.
And when I tried PNG or FITS with Live Mode, I found that trying to capture a set of images, change exposure and capture another, always resulted in the first few images of the new set having the exposure value of the old set.
So now, with STILL mode and FITS files, I'm only getting 5 images during the 10-second window of the Diamond Ring, but the exposure is locked in, and I'm getting images across the full 10-second window which will show the change over time. Maybe this is a limitation of my gear, but it's what I've got so this is what I'm doing.