I'm not sure I understand your situation fully, but here goes.
The standard location for cvirte.dll is in the windows/system32 folder. The only reason you would want to put the dll in the project directory is if you don't want other projects to use this build of the runtime. You might already realize that, so that's fine. However, in that case, you also need to copy to the project directory the entire contents of the cvirte folder that is in the windows/system32 folder. And the contents of this folder need to be compatible with the version of cvirte.dll -- in this case, that means that you need to get it from a CVI 7.1beta installation.
So, speaking of the beta installation, are you
saying that you haven't yet been able to install it at all? Or are you trying to modify an existing installation?
Luis