Tips for Lidar point cloud LOD's?

Hi does anyone have more information about this lidar plugin? I notice that the new UE5 lidar editor is different and has less options than the editor in previous UE versions. For instance when I double click a point cloud I have zero options for editing this point cloud. I have to do it through the dropdown menu where you will find ‘selection mode, landscape mode’ etc…

I’m looking for that performance optimisation tickbox.

Ultimately I’m trying to boost performance of my pointclouds since having 9million points is crushing me, but the documentation says you can have 8.1 billion and more and things should be fine, 120fps+

So how do I achieve this? Is there a way to generate pointcloud LOD’s?

I would really appreciate any advice on this as the documentation is rather thin unfortunately and not updated for UE5+