In LV a picture is something to be put on a LV-frontpanel picture control and an image something to be displayed in an extra window.
I don't know what you are referring to.
I played a bit with overlaying a bitmap onto an image. And it seems that while the low 3x8 bits are used for the colors red, green and blue the highest byte is a transperency control. So If your background is not 0x000000 (for black) but 0x01000000 it is transparent.
I hope this is hint enough for your own experiments.
Gabi
7.1 -- 2013
CLA