Hi Again Jimmy,
I have been having a bit of a play and realised that you can only process images in the stand alone Vision Assistant. You can acquire images manually to process but cannot use it to generate code to acquire as well. Thankfully this is also straight forward using an vision acquisition express VI. Express VIs mean that you configure them in a pop up box without the need for much coding.
For your particular problem in terms of setting a delay you will need to start by using the express VI to perform a finite acquistion with inline processing. This will place the VI inside of a for loop that will allow it to snap images over and over and will also automatically put the items you need on your front panel. You can control how often this while loop iterates using timing and this will control how often it will request an image from the camera. You can do this by dropping a time delay express VI or a wait VI any where in the loop. If you use the time delay express VI then it will give you a pop up to enter the time delay. If you use the wait VI then you will have to use a numeric constant or control and wire it to the input of the VI. This constant should contain the time delay in milliseconds that you require.
In terms of saving the files the example code already posted is good but you will be saving images so if you go to your vision pallete and go to vision utilities>>files there is a VI to save to the usual image file formats. Im not sure if you've found context help yet but if not pressing ctrl+h will bring up a window that means if you hover over the VIs it will show you what needs wiring where.
I hope this helps and apologies for the previous misunderstand. Best of luck!