I am quite sure it does.
Have you tried to read it back into Labview (6.02)? Paintshop 6, that I use to view saved images, seems not to recognize the 16 bit, but reduces it to 8 bit. It does this quite unintelligently, not shifting but simply clipping away the most significant 8 bits.
Maybe this is due to the limitations of a standard monitor resolution, that uses it's 24 bits to display 8 bits of red, green and blue each, so that a gray image (where red, green and blue are all equal) is reduced to 8 bits effectively.
Or NI used a special encoding. I understand that PNG was only recently fully specified.
Gabi
7.1 -- 2013
CLA