On relationship of two categorical characterization of finitely generated objects.

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I've encountered The following categorical characterization of finitely generated modules:

A $R$-module $M$ is finitely generated iff it satifies one of the following properties:

a): for any family of $R$-module $\{U_i\}_{i\in\mathcal I}$ and any epimorphism $f:\bigoplus_{i\in\mathcal I} U_i\twoheadrightarrow M$, there exists a finite subset $\mathcal F$ of $\mathcal I$ such that the restriction of $f$ on $\bigoplus_{i\in\mathcal F} U_i$ is also epic.

b): for any category $\mathscr I$ representing a directed partially ordered set and any functor $F:\mathscr I\to R\text -\mathsf{Mod}$ such that every arrow of $\mathscr I$ is mapped to an injection via $F$, then the canonical homomorphism $\varphi:\varinjlim\text{Hom}(M,-)\circ F\to\text{Hom}(M,\varinjlim F)$ is epic in $\mathsf{Ab}$.

My question is:

If $R\text -\mathsf{Mod}$ is replaced by an arbitrary cocomplete abelian category, are characterization a) and b) remain equivalent?

I've already proved that b) always implies a).

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The two are not equivalent in the opposite category of the category of vector spaces over a field $k$, since a one-dimensional vector space $k$ satisfies (a) but not (b).

It's amazing how often opposite categories of module categories work as counterexamples!