XBee - Newbee question

I have a simple project it has arduino and XBee on each side. (i'll call each set A and B)

What i intend to do is arduino to change input port of XBee (on set A) and set B's XBee outputs the signal to arduino which can be further processed by arduino. One of ways is send serial data and read it at the other end but I was wondering if I could use XBee's I/O to reduce latency.

Would highly appreciate if some one could shed some light

thank you