Solution
For cameras to be discoverable in MAX when using NI-IMAQ drivers, they need to have a corresponding .icd file. NI has a directory containing these files for certain standard cameras, however, if the camera being tested is not a part of the standard list, an .icd file needs to be created for it, and placed in the same directory.
Older .icd files and the Vision Acquisition Software 18.0 or newer are not compatible. If you use an older .icd file with the newer versions of NI VAS (18.0 or above), you will not be able to correctly discover your device in MAX.
The solution is to create a new .icd file using NI Camera File Generator 18.0 which is used to generate .icd files for use with NI VAS 18.0 or newer.