Thanks for the help. I tried that and it didn't end up being the issue. While watching the Machine > Show Hal Configuration I noticed the pins for the hy_vfd aren't loaded until you toggle machine power (F2). That seems to load the changes, and any new changes just require an AXIS restart then F1, F2 again.
Having said that, my vcp panel still isn't displaying any of the values shown in Machine > Show Hal Configuration. I'm not sure what's going on there, but my guess is the pin names changed at some point (I did run sudo apt update not long ago) and I need to manually update my XML file. I'm about to check into it and will report back.
UPDATE: Something did change, as an example the hy_vfd documentation lists the pin hycomm-ok, and I've been using modbus-ok. Making that change didn't suddenly make the indicator work though, so something else is going on I'll need to look into. I'll start a new thread to dig into this further if needed.