1) Yes, CVI 6.0 has an updated version of NI-Reports that supports EMP, BMP, GIF, and JPG formats.
2) You can use any 3rd party graphics program such as Adobe Photoshop or Paint Shop Pro. I'm sure you could find a program online for free that would do the conversion from bitmap (BMP) to extended metafile (EMF)
3) No, the toolbox function do not generate EMF files.
4) It would be difficult to use the SDK functions to get an image of a CVI control or panel into an EMF file. An upgrade to CVI 6.0 would be a much better idea (http://www.ni.com/upgrade).
Best Regards,
Chris Matthews
National Instruments