It means that the rPi is a little wonky with regard to the serial port getting overruns. I'm not sure what causes them, considering a 700MHz CPU should be able to handle 38kbit serial communication. Usually it is just a status update, which it gets every second so it isn't a big deal. However if you're missing configuration data, some things might not work.
You can see what data caused the errors by looking under Status -> System Log and look for lines containing "Checksum failed".
There could be an underlying issue with the luci nixio, or it might be the rPi itself not properly handling the serial port.