GIP. IC alignment and inspection applications are quite feasible with IMAQ Vision. I'd be able to give you more information if you're able to provide sample images or more details.
If you're looking to get up to speed on how to successfully program in LabVIEW with IMAQ Vision, I recommend signing up for one of our Machine Vision and Image Processing courses. To find course schedules and training centers, please go to http://sine.ni.com/apps/we/nisv.custed.
Kyle V
Applications Engineer
National Instruments