Simple script that toggles all instance handlers on selected items.
Simple tool, but seems to be missing on default Lightwave3D installs.
The script is based on part toggle_instance and part bake_instance by Bob Hood. Written in Python (LWPy).
Install the script in /LightWave11.x/support/plugins/scripts/Python/Layout/Generic/ or in your script folder you prefer or is used by your pipeline.