Panasonic LUMIX DMC-FH27? Dirt biking?

Im thinking about buying this camera but im not sure if it will be fast enough to catch pics of people jumping dirt bikes..? also i was looking on the site and it said it is a 16.1 Mega Pixle camera but then it also said it normally is set to take pics with only 3 mega pixles. This just confused me, Why would it only be 3 mega pixles? my phone is better than that :( if you own this camera or know anything about it or cameras in general can you please HELP ME?
 
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