I don't know Mate. It seems like the LabVIEW VI link is pretty static. I bet you could do it with .Net instead of LabVIEW. I'd ask an AE.
If it is only static, you could put your polymorphic VI inside a wrapper VI that is called as a poststep by the custom step type. Then use OnNewStep to pop open your Edit Dialog right away so the user could select the instance. Once you have the instance selected, you'd have to call it in the wrapper. (Or maybe, add a PostStep for each instance of the poly VI and just skip all the poststeps except the one selected by the config. hmmm, a little wacky.)
Chris Clark