So, a little more experimentation:
starting with the configuration shown in ScrSh_HWM_USB_S5160UK_PS2_010314.JPG, (but without the Mass Storage Device), with only my PS/2 mouse and kb plugged in:
I connected the USB mouse/kb receiever to a USB port. The bubbles appeared which said 'New Hardware Found' and 'Your new hardware is installed and ready to use' etc. The Device Manager now showed an additional composite device. The wireless mouse/kb functioned properly it seemed.
I removed the PS/2 mouse and kb, there was no obvious change to DeviceManager. I now connected a WD MyPassport external HD to a USB port. There was no 'This device can perform faster...' message, the Device Manager changed to add 'Mass Storage Device' under the (only) USB Controllers category.
I inspected the power tabs on the Root Hubs. One said "one port 500 mA required, 5 ports available", another two said "Two ports available", the third said "one port 100mA required, 1 port available" [my digests of the content of the power tabs]. From what I had seen previously, the Root Hubs with 2 ports each belong to USB 1.1, and this is consistent with the USB wireless kb/mouse being a USB 1.1 sub-system.
Now for the acid test: reboot without PS/2 mouse/kb, only the USB sub-system. I ejected the MyPassport and restarted....the PC at this point decided it would fail to restart (another issue). I left it switched off to try again later. Later, I turned on the PC. After waiting for it to start up properly, I opened Device Manager, and it looked like I described it earlier, one USB 2.0 Enhanced Host Controller 24CD entry, three Universal Host Controller entries (24C2, 24C4, 24C7), the composite device entry, 3 Root Hub entries each capable of supporting 2 devices, and finally another Root Hub entry, capable of supporting 6 devices. The second category for USB Controllers (where the PCI related entries had been) was absent.
As a last test I connected the external HD to a USB port, and did not get the message 'This device can perform faster...'. I have yet to measure the transfer speed, or restart n times, but it seems the problem has gone away, somehow the PC was reminded of what it should do by connecting the PS/2mouse and kb.
Dumb_Question
3.March.2014
Compaq Presario S5160UK DT261A under XP/SP3
Motherboard - MSI MS-6577 v2.1