Some more pictures:

1- The OBJ itself, just imported into Poser

2 - The OBJ after Setup Room, with default V4 bone structure added

3- The OBJ, conformed to V4.

Few things I don't understand... When the bone structure is applied, the boots take a "posed on the floor" stance, I believe they should still look like in the first frame, and no poke through should be visible on the shins. And second... well, once conformed everything goes terrible. Am I using the right bone structure?? Am I missing something?

Any help anyone?