I second what drjdpowell says. This never happened AFAIK. What you describe about reinitialize to default can happen when you use VI server to load a VI into memory and then call it, both with Run VI, or Call By Reference (asynchronous). When loading the VI with Open VI reference it will be loaded into memory and then all the controls will indeed be initialized to their stored default value.
Another thing you may be confusing is that controls wired to the connector pane will always use either the value wired to that connector pane or the configured default value. But that has been like that since the beginnings of LabVIEW and still is. Controls that are not connected to the connector pane however will simply retain their last value for as long as the VI stays in memory and that has been like that since the beginnings of LabVIEW too.
And the use of local variables instead of shift registers/feedback nodes is discouraged because of performance reasons!