Venkat,
Do you mind if I ask you why would you like to run this in a higher priority? I tried running that program. However, if I increase the priority and run the VI, it will not have time to update the local computer; since the code is running in higher priority, the VI does not have time to update the graph. I am surprised I did not get the same behavior. Did you add anything else to the code, or modified the sample rate?
Please, let me know the exact configuration of the system. The error you are receiving doesn't seem to relate too much to RT and shouldn't be occuring.
G Valdes