Ranked in these QuestionsQuestion Ranking
Pro Support for Python scripting
In addition to Lscript, Lightwave supports Python.
Pro Been around for years, and is still capable of good animations, and great renders.
The 3DS MAX version 5 days. So Lightwave will always hold a special place for me. It was ahead of the game back in the day, with its renderer. And was widely used for films, among other things. Though it hasn't advanced much in the modeling section, and UI over the years. You can still make some really nice things in it, and get some highly realistic results.
Pro Powerful nodes shaders
Pro Powerful animation tools
Pro Plays well with other software
Pro Beginner friendly with a very smooth learning curve
Pro Great community support
Pro Great value for the price
Con Two applications: one for modelling and another for layout
Con Not beginner-friendly
Lightwave has mediocre tutorials and a complex multi-application workflow.