The CD74HC194M96 can handle clock frequencies up to 25 MHz.
To ensure that the shift register outputs are in a known state during power-up, you can use the Master Reset (MR) input to reset the shift register. You can also use the asynchronous reset input (SRCLR) to clear the shift register.
Yes, the CD74HC194M96 can be used as a serial-to-parallel converter. You can serially load data into the shift register using the Serial Data Input (DS) and then parallel-load the data onto the output pins using the Shift/Load (SH/LD) input.
During normal operation, the asynchronous reset input (SRCLR) should be tied high to prevent accidental clearing of the shift register. You can also use a pull-up resistor to ensure that the input is high when not actively being driven low.
The CD74HC194M96 can sink or source up to 25 mA of current per output pin.