David,
The system is telling you which module does not exist. The channels that are losing communication is Device 4 (e.g. the module at address 4), Channel 0. The alarm information should also indicate which FieldPoint Oject is generating the message which allows you to further isolate the problem.
I would recommend that you check to make sure that the FieldPoint module at address 4 is properly seated in the terminal base. Additionally, make sure that the terminal base is firmly connected to the bases adjacent to it.
Also, what version of Lookout do you have?
Regards,
Aaron
LabVIEW Champion, CLA, CPI