Personally, I do not have any experience integrating barcode readers into development of systems. However, most of the barcode readers that I have seen send the data back through the keyboard driver. That is, when you scan a barcode, the computer handles it the same as if you typed the data, so really your Lookout Process may not have to change at all.
I did a search, and some of the best info I've seen is a discussion thread some time ago in the LabVIEW group. A search of the Developer Exchange for "barcode" will turn up that old discussion.
Hope this helps.
Regards,
Greg