Dave,
I don't think that there is an exported property to do this in LabVIEW's ActiveX Server.
I would be careful in using LabVIEW's ActiveX server from TestStand. This would require that LabVIEW be present on the machine you are running the sequence on (even after deployment). The LabVIEW Run-Time Engine does not export an ActiveX server. If you really needed this functionality on a machine without LabVIEW, I would recommend using a Run-Time Server (basically a simple LabVIEW application that is registered as an ActiveX server), and using that as your method of loading VIs. However, you would have to change your LabVIEW adapter to use this Run-Time Server as well.
Another solution is to call a LabVIEW VI that gets a reference to the LabVIEW VI on which you wish to change a control. Since both VIs will be loaded at the same time, you can just specify the VI's name, rather than full path. You can then get a reference to the Front Panel, iterate through the controls until you find the correct control, and then use a Property Node to change the Value (Signaling) property for the control. It's not the cleanest solution, but it should serve your needs. It also does not require that LabVIEW is installed on the machine that is executing the sequence.
Allen P.
TestStand R&D