Positron imaging techniques rely on the detection of the back-to-back annihilation photons arising from positron decay within the field of view of a positron camera. A standard technique, called positron emitting particle tracking (PEPT), uses a number of these detected events to rapidly determine the position of a positron emitting tracer particle introduced into the system under study. Conventionally, PEPT is performed using a positron camera with fixed geometry. Recently, however, a more flexible detection system (the modular positron camera) has been developed which allows customization of the detection geometry (i.e. allowed field-of-view) tailored for specific applications. Typically, PEPT is used to study particle dynamics, granular systems and multiphase flows. Presented in this paper are studies into the performance of the modular camera system, performed using a mixture of both Monte Carlo techniques and experimental validation. Studies of the stored event rate (and therefore particle location rate and location precision) have been performed and show a maximum data rate of 2.5 MHz, leading to particle location rates of 10 kHz with location precision of 0.5 mm in three dimensions.