I suspect that this bug has to do with corruption of a property node...
I tried loading the application into LV7.0 (it was developed in 6.1). In LV6.1 it had a working run arrow, but in LV7.0 it came up with a broken arror. The error list included block diagram errors: "Property Node: invalid property". When I clicked on the show error button, LabVIEW crashed.
I've simply decided to go back to a version of the code before the problem and re-write the broken code. Thanks for the suggestions and tips. FYI, now that I have re-written the code in 6.1, it comes up in LV7.0 without a broken arrow as well.