The manual you want for the part is here
http://www.atmel.com/dyn/resources/prod ... oc6175.pdfIt will run slowly (22-42 KHz, pg 30) from the internal SCLK (Slow Clock)
You can program the CSS (master clock selection) to b'00 to select the Slow Clock, for the PMC_MCKR (pg 209).
Blinking the LED's should not be a problem, serial ports will likely be unusable. There are better part choices for your hypothetical application.
Try the LED's on a dev/eval board, program the PIO, and loop toggling the GPIO of your choice, try without any delays as it will be relatively slowly, check period on a scope to calibrate software delay loops.
There are other parts with 40 KHz, 8 MHz, internal RC clocks, that require no external oscillators/crystals. Serial will work with such parts. USB is going to require a crystal based source, absent some serious characterization/calibration of individual parts.