There are so many AVI codecs that it will probably be impossible for the devs to test every one of them. With Lightworks now using the MainConcept directshow subsystem, what it should do is first check the fourcc of the codec to block those that are proprietary that need a license for professional use, and if it's not one of those, then simply use the default directshow process for VFW support by adding the File Source and AVI Splitter filters to the directshow graph and let directshow connect the required codec filter to Lightworks' MainConcept rendering filter. This would allow any VFW codec a user has installed on his computer, except the proprietary ones, to be imported into Lightworks. Since there is such a huge number of open source or freely available VFW codecs, I think hard coding a list of those to block would be easier to maintain than a list of codecs to allow, unless you only want to allow a small number of tested ones.
I don't know anything about the internal workings of the MainConcept subsystem so I'm not certain it could work this way, but a possible problem might be the color space conversion pixel shader that Lightworks uses on imported files. The MainConcept subsystem must pass to Lightworks which color space a video file is that's being imported so it can generate the correct conversion shader that's contained in the ColourConvert.fx file in the Shaders folder in the installation directory. If it gets it wrong it ends up as black video.