I figured it out!
While this is not what one normally uses XML for, I figured out what the syntax is supposed to be. Also, this will only work in the confines of flight simulator and for specific aircraft.
A much different construct than the one in the OP...
<!-- Sets V-Speeds for 138000 @ Flaps 15 -->
<Element>
<Select>
<Value>
(A:TOTAL WEIGHT,pound) 138001 <
if{
1 (A:TOTAL WEIGHT,pound) 135999 >
if{
1 (A:FLAPS HANDLE INDEX,enum) 3 == // The position of the flaps handle.
if{
1 134 (>L:v1,knots)
140 (>L:vr,knots)
147 (>L:v2,knots)
162 (>L:fr,knots)
194 (>L:sr,knots)
}
els{
0 0 (>L:v1,knots)
0 (>L:vr,knots)
0 (>L:v2,knots)
0 (>L:fr,knots)
0 (>L:sr,knots)
}
}
els{
0 0 (>L:v1,knots)
0 (>L:vr,knots)
0 (>L:v2,knots)
0 (>L:fr,knots)
0 (>L:sr,knots)
}
}
els{
0 0 (>L:v1,knots)
0 (>L:vr,knots)
0 (>L:v2,knots)
0 (>L:fr,knots)
0 (>L:sr,knots)
}
</Value>
</Select>
</Element>
</Element>
Thanks for the contributions.