It is not that those controls will not be updated, but the drawing of
those controls on the screen that you save. This can definitely be very
significant. It is also good programming praxis to hide unnecesary
front panel elements.
Also keep in mind that the eye can only handle 10-20 updates a second,
and even that is for most controls much too fast. Lowering the
indicator update rate to, say, 5-10 times a second, can already
achieve major CPU relief. depending on the kind of interfacing I
would go to much slower updates still. If you use big data sets,
you should also try to prevent creating too many copies in memory.