LabVIEW isn't a "logging package", but a programming environment. As such it does need a lot of tools available, and I don't think they would fit nicely in the toolbar. If you want the palettes to be more convenient, go to the options menu and select the advanced palette view instead of the express one. You will see now that it's much easier to use the right-click-to-get-palette trick. Most people use high-res (1280x1024 and up), which can also help.
To learn more about LabVIEW, I suggest you try searching this site and google for LabVIEW tutorials. Here and here are a couple you can start with. You can also contact your local NI office and join one of their courses.
In addition, I suggest you read the LabVIEW style guide and the LabVIEW user manual (Help>>Search the LabVIEW Bookshelf).
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