You could put what you need in a module in the lib directory. The include it in your application_controller and then extend the main FayeRails controllers, include the module in there as well. To extend, just created a new one with the same name in your controller file, maybe sure the class name is the same, then require it in your config/initializers/extensions.rb file.
Example
# config/initializers/extensions.rb
require "#{Rails.root}/app/controllers/whatever_controller.rb"
As for speed, yeah, if you're worried about that I would look into keeping what you need in a persistent redis DB. But if FayesRails uses ActiveRecord methods I'm not sure how easy/hard that would be.