Yes, you are using an Event Structure but your packing your code all in one area on a Event Structure. In the Simple State Machine, you can write code that does the same thing in multiple areas that run sequentially. It won't run any faster, but it makes the code more readable. Think about it like this: Do This, Then This, And This, etc.
Take a look at it. I believe it comes with LabView under the Examples area. I think it would work really well with what you are trying to accomplish here and what others have suggested can tie into this.
