Carbon nanotubes (CNTs) possess a variety of properties which make them attractive as building blocks for high performance multi-functional materials. The discovery that superacids such as chlorosulfonic acid (ClHSO3) act as true solvents for CNTs has led to the development of fluid processing techniques by which a variety of macroscopic CNT materials can be fabricated. This work presents two studies which are linked by the common thread of CNT materials development from acid solution precursors. The first study compares the rheology of two different CNT species in ClHSO3 as a function of concentration and frequency. The development of elastic structure with increasing solution concentration is found to depend strongly on the morphology of the liquid crystalline phase domains in the biphasic regime; physical interactions between non-interpenetrating liquid crystal domains are found to be a significant source of viscoelastic stress. An analysis of the scaling of viscoelastic behavior at short time scales, based on models of semiflexible polymer rheology, reveals that the primary contribution to the stress at short times is longitudinal tension resulting from contour fluctuations of individual CNTs; this tension-dominated stress is the primary viscoelastic stress for low concentration solutions. The second study investigates the electrochemical properties of macroscopic CNT fibers for applications in electrophysiology and cardiac medicine. CNT fibers exhibit much lower interfacial impedance with physiological saline and cardiac tissue than platinum wire of the same geometric surface area. Equivalent circuit modeling demonstrates that the low area-specific impedance of these fibers arises from a large double layer capacitance, which in turn arises from wetting of the internal porous surface area. Aging and storage conditions are shown to affect the wettability of this structure, and an electrowetting treatment is demonstrated which creates a stable increase in CNT fiber electrode performance. The specific circuit behavior of the CNT fiber is used to construct a theoretical model for CNT fiber electrode performance in cardiac tissue in vivo and to calculate a transfer function which represents the efficiency with which a cellular action potential may be transmitted through a CNT fiber between two electrically separated regions of cardiac tissue.