Hello Jamie,
configuration of the DAQmx simulated signal is currently not available. The signal is always a sine wave with 3% of noise with respect to the full signal. Only the timing features are accepted and the simulated modules produce the same errors as the physically available DAQ devices.
I would simply recommend to develop your application as modular as possible, i.e. one could develop two modules in LV which can be use interchangeably, one generating signals from a set of parameters (waveform type, frequency, amplitude, phase + any kind of noise) and another which performs the actual data acquisition.
Future releases will probably have this feature as few customers requested this feature.
Regards,
C.L. - National Instruments Germany