instead of deleting it change the opacity to 0 then create the new view
hope it helps
Along with what Rico said you can also just right click and hit the hide the selection key.
I would not change the opacity to zero, in essence the callout is still there. Derek has the right idea. You can also control the visibility in the Collaboration tab, under callouts. You also don't need to make new callouts for every view you save. Each view will remember the location of the callout, just like actors do.