Quote Originally Posted by Marander View Post
Yes another area where LW is lacking depth and functionality. Other apps have built-in LOD and poly reduction, proxies or similar features, controllable in various areas like camera distance. Well LW 2020 should be around the corner so there is hope.
Object Properties > Replacement drop-down pick Level-Of-Detail Object Replacement.. pick up files for various distances..

This option is "since ever"... you just have to have saved object..