Thanks Timmay. Your explinatiopn helped a bit :)
So you can do a lot of similar things in both.
I did use LABView on fairly old systems, but it just crashed a lot, and for seemingly no reason. And not only for me, for everyone in my lab. They were fairly onld computers though, P4 class I believe, and LabVIEW 8.5, 8.6 was the latest at the time.
The reason I am unclear as to the differences between the 2 is because last semester I took a signals class, and we used LABView to do various things such as image processing, filtering, and frequency graphing. This semester I am takinga controls class, and we use Simulink to design control Systems, but I still see a lot of the same blocks we used in LABView in Simulink
And as far as the speed thing goes. We had to create a simple image filter, probably a blurr or b/w filter or something. I made mine in Matlab first, since I was already farmiliar with it, and it worked gret; tehn I modded it slightly to run in LABView, and it took a lot longer to run...Matlab took around a tenth of a second, while LABView ran for about 10-15 seconds.
The impressions I get from LABView are that its slower and less reliable than Matlab, and I feel like there's no reason to choose it over Matlab unless it is for a specific toolbox that LABView has and Matlab doesnt.