I seen this asked before, but the answers are far from clear. Can I call, from LUA (I know how to), native libs on the iPhone and still have it work / compile with Corona?

No, only the exposed Corona API's are allowed. Lua supports calls to C language functions that could call the platform API's, but Corona does not allow this capability.

-David

Why is that exactly? Seems like a big loss of market capabilities and developer eco system. Makes us most definitely not write our next game in Corona.

There was lot's of discusion about this feature and it's not possible because company/stuff/marketing etc etc etc reason and if you think about it sounds reasonable :)

Not really. Ah well it was fun while it lasted, on to more open solutions. Bye.