I've imported a couple of lightwave objects into zaxwerks and everything looks fine until I look at the object in AE at Best Quality. Then it looks like the front faces of the object are missing and only the back faces are being rendered.
Perhaps this FAQ from the Zaxwerks troubleshooting area will help:
"Bad Shading on Imported objects
Change the Hard Shading Angle in the object's Stats dialogue. This will recalculate the shading and usually fixes any shading problems such as dark polygons, flickering polygons or missing polygons.
If two surfaces are in the exact same position the OpenGL renderer won't know which one to display. This can be fixed by moving one of the objects so the two surfaces are no longer in the exact same position."