The vi I'm making will eventually work on a machine with ver 7.1. The machine I use for developing is running on ver 8. What shall I do in order for the vi to run smoothly on the 7.1 machine?
Make sure you don't use any new features that are only available in 8.0.
In LabVIEW 8.0, try to save it for previous version and see if you get any messages about incompatibilities. Check the LabVIEW 8.0 release notes for a list of new features.