... ok, instead of scanning for an example program in the "Advanced Programming" manual, I read the section on LowSpeed reads - also looked at how the Toolkit VIs talk to the UltrasonicSensor.
I'd tried just using LSRead, but the Manual says (to the effect) all I2C Port communication begins with a Write (in a master-slave arrangement), so I write an empty buffer requesting zero-bytes back then (per the manual) check Status - which is returning "32" (busy.) If the Status-check ever returns "0", then I'll try calling the LSRead.
Guess it's time to get-out the scope!
"Inside every large program is a small program struggling to get out." (attributed to
Tony Hoare)