Once you export to FBX you lose the Daz Studio effect. Only the mesh goes. So if the clothing has shaders or special settings in the surface tab, you will probably lose it once you export to FBX.  I am curious what is the advantage of using Daz Studio products in light wave?

Can you set up a scene and render it in Daz Studio and then set up the scene and render it in lightwave and post the finished image somewhere.