Ahhhh! <happy sigh> Things are moving along nicely now. The stolen art angle is quite believable (except for the Venus de Milo's arms-- rotfl!).
I, too, am glad that Perry's been brought in on all this-- the Lois-and-Clark together thing and their suspicions, that is. I don't think they told him about Clark's special abilities-- hence the description of the "sanitised" version, right? Oh, and I'm glad you've got Henderson in there, too.
I like how you've helped explain, again, Lois's inability to recognise what Lex really was, vs. Perry's suspicions. And I thought Perry was pretty sensitive to that, actually. He did mention that he'd had his suspicions about Lex, but he didn't rub it in.
Once they come up with some clues about the Planet bombing, and Henderson publicly acts on the "tip" he received, I suspect you can jump forward a bit in this story (as far as time goes, that is), if you want to. You can set up the end of the story with the Planet being rebuilt, Lex incarcerated, Jimmy sprung, and Lois divorced. Then... smootchies, as so many before me have said!
~Toc