I don't know what those "devices" are, but usually when you have loads in series, the current through them isn't as much of a concern as the voltage drop they cause. Two loads are like two resistors, it's a voltage divider.
Depending on the type of failure, the other series load might not act as expected. Lets assume they are LED lights. If one of the series lights fails as an open, current through both series devices stops flowing. If one of the series lights fails as a short, the voltage across the remaining light will be twice it was before the failure.
Not knowing what those loads are or what you are trying to accomplish, I can only recommend to run them all in parallel (if the voltage is appropriate) and let the loads take the current they desire instead of making the loads dependent on each other.