An apparatus comprises read channel circuitry and associated signal processing circuitry comprising frontend processing circuitry and backend processing circuitry. The frontend processing circuitry comprises a loop detector and equalizer configured to determine an equalized read channel signal from a read channel signal and a decoding module configured to apply verification and scrambling processing on a decoded read channel signal. The backend processing circuitry comprises a backend detector, an interleaver, a backend decoder, and a de-interleaver configured to perform an iterative decoding process on the equalized read channel signal to determine the decoded read channel signal. The frontend processing circuitry is controlled by a first clock having an associated first clock rate and the backend processing circuitry is controlled by a selected one of the first clock and a second clock having an associated second clock rate determined at least in part by the first clock rate and a maximum clock rate.