1. You can process the data as it comes in, and make decisions, but the bigger problem is that you cannot do anything else with the U12 while it is streaming. See the following:
You will either have to stop the stream to set your outputs, or you need to not use stream at all and collect your data in command/response mode.
For more flexibility you need to move to the U3 or UE9, which can do other things while streaming. See Section 3.2 of either User's Guide for stream info.
2. If you want to scale your data, the scaling equations are quite useful.
3. I am not sure what you mean by "include LJstream in LabVIEW".
4. If you are not a very experienced LabVIEW programmer, you might want to start with "simple ai stream example.vi" rather than "LJstream.vi". LJstream is a pretty complex VI, whereas the simple example just has the basics and lets you add the LabVIEW code that you require.