Here are possible answers:
1. By modify if you are referring to being able to ineract with controls and indicators yes. If you are referring to changing the acutal code while the application is running, not really. How do you do this in VB, don't you have to recompile before your changes take affect? What exactly are you trying to do, that may help us better answer your question.
2. The method you should use depends on what it is you need to do with the data. If you just need to view the data then you should be just adding the data to an array. If you need to have it in a file then you should be periodically writing the data to a file, otherwise you'll have to get the data out of the indicator and then get the data into the format you need.
3. Not sur
e.
4. There is no method to exit a for loop prematurely, you'll need to use a while loop and create an exit condition. In the while loop in LabVIEW there is an "i" icon which provides the loop interation number in case you need to make use of that in your application.
5. Not sure.
6. This can be changed by selecting the color tool. Change the LED to false and select your color and then change it to true and select your color. You can set the LED and text color.
Best Regards,
Kamran